China's exports logged a double-digit growth in May as operations resumed in the Shanghai port after coronavirus-linked lockdowns, official data showed on Thursday. Exports advanced 16.9 percent from a year ago, following a 3.9 percent rise in April, the General Administration of Customs said. The pace of growth far exceeded the 8.0 percent expansion forecast by economists.
At the same time, imports grew 4.1 percent annually after remaining flat in the previous month. Economists had forecast an annual increase of 2.0 percent.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.