Data comes after China and the United States agreed to a temporary truce in their tit-for-tat tariff escalations last month
China’s export growth slowed last month amid lingering uncertainty over US tariffs, pointing to continued strain in the country’s manufacturing and trade sectors – and the slight uptick could also reflect front-loading by exporters anticipating future disruptions.
China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday.
The figure followed April’s 8.1 per cent growth and fell short of the estimate of a 6.28 per cent increase in a market survey by Chinese financial data provider Wind.
Exports to the United States plunged by 34.52 per cent, sharper than the 21 per cent drop seen in April, owing to the trade war between the two countries.
