Chinese trade surplus nearly doubled to USD 35.9 billion in May of 2014 from USD 18.5 billion in the previous month. While exports posted strong growth, imports declined 1.6 percent year-on-year.
Exports rose 7 percent year-on-year to USD 195.5 billion in May, following a 0.9 percent increase in the previous month. Sales to the European Union climbed 13.4 percent and those to the United States increased 6.3 percent. Shipments to Taiwan grew 14.7 percent, Sales to the ASEAN countries climbed 9.1 percent and those to Japan expanded 2.2 percent.
Imporst fell 1.6 percent over a year earlier to USD 159.5 billion, compared with a 0.8 percent rise in April.
6/8/2014 5:14:25 PM