HONG KONG (AP) — China’s exports picked up pace in May, rising 19.4% from a year earlier, its customs agency said Tuesday, as shipments remained robust despite impacts from the Iran war.The stronger than expected performance was an improvement from April’s 14.1% year-on-year increase. Exports have remained robust despite the war, supported by shipments of autos and technology and artificial intelligence-related products such as semiconductors. Imports in May jumped 27.4%, also at a faster pace compared with April’s 25.3% year-on-year expansion.
China’s exports jump 19.4% in May from a year earlier, despite Iran war
China has reported its exports picked up pace in May, rising 19.4% from a year earlier. That was stronger than what economists had expected and an improvement from April’s 14.1% year-on-year exports growth.
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