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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.