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 will be ... (full story)

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)