Are Asian Consumers Rescuing Chinese Exports?
The latest trade insights from John W Miller, Chief Economic Analyst, Trade Data Monitor; Chinese exports recovered in May, boosted by a tapering off of antivirus restrictions and higher prices in the U.S. and Europe. Overall, Chinese exports rose 16.9% year-on-year to $308.3 billion, after increasing only 3.9% in April. Monthly imports increased 4.1% to $229.5 billion, over the 0.0% figure for April. The performance beat analysts’ expectations for May. With the Covid restric