China’s exports increased more than estimated in May while imports (CNFRIMPY) unexpectedly fell and the trade surplus surged. Overseas shipments rose 7 percent from a year earlier, the Beijing-based customs administration said today. That compared with the median estimate for a 6.7 percent gain in a Bloomberg News survey of analysts. Projections of 43 analysts ranged from a decline of 1.8 percent to an increase of 10.4 percent. Imports dropped 1.6 percent from a year earlier, the administration said. That compared with a median estimate for a 6 percent increase from analysts surveyed by Bloomberg News, with forecasts ... (full story)