China Sees Big Jump in Exports Amid Easing of Lockdowns
China's exports for the month of May jumped 16.9% in dollar terms from a year earlier, June 9 data from the General Administration of Customs revealed. The hike in commodity exports comes amid the easing of Shanghai's lockdown, which permitted…
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factories, workers and ships to fill stalled orders. Exports in April rose 3.9%. May imports were up 4.1% after sitting unchanged in April. Economists and manufacturers said that this boom may not last as consumers around the world shift their spending to services such as travel and tourism, Bloomberg reported.