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China May 2022 trade balance: CNY 502.89bn (expected 448bn)
Trade data from China for May. Lockdown restrictions eased back in the month. China trade balance CNY 502.89BN: • expected CNY 448.9bn, prior was CNY 325.1bn Exports +15.3% y/y: • expected +13.1%, prior was +1.9% Imports +2.8% y/y: • expected 2.0%, prior was 0.0% USD terms: China trade balance: US$78.76bn. • expected $58.0bn, prior was $51.1bn Exports: +16.9% y/y expected 8.0%, prior 3.9% Imports: +2.8% y/y expected -9%, prior was -2% A much improved performance for trade, inbound and outbound, for the month of May compared with April. This is a good sign for improvement ahead for the Chinese economy, which ... (full story)
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CHINA IMPORTS 217 MILLION TONNES OF CRUDE OIL FROM JANUARY TO MAY, -1.7% YOY.
— Breaking Market News (@financialjuice) June 9, 2022
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CHINA IMPORTS 96 MILLION TONNES OF COAL FROM JANUARY TO MAY, -13.6% YOY.
— Breaking Market News (@financialjuice) June 9, 2022
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CHINA IMPORTS 96 MILLION TONNES OF NATURAL GAS FROM JANUARY TO MAY, -9.3% YOY.
— Breaking Market News (@financialjuice) June 9, 2022
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China’s May Trade Balance: Surplus balloons on exports surge
China's Trade Balance for May, in Yuan terms, came in at CNY502.89 billion versus CNY443.88 expected and CNY325.08 billion last. The exports jumped by 15.3% last month vs. 13.1% expected and 1.9% previous. Imports rose by 2.8% vs. -9.0% expected and -2.0% prior. In USD terms, China reported a bigger-than-expected growth in the trade surplus, as imports and exports surpassed expectations. Trade Balance came in at +78.76B versus +58B expected and +51.12B previous. Exports (YoY): 16.9% vs. +8.0% exp. and +3.9% prior. Imports (YoY): 4.1% vs. +2.0% exp. and 0% last. Additional takeaways China Jan-May yuan-denominated ... (full story)