Beijing’s strict corona measures have put the Chinese economy under pressure. Foreign trade has recently grown faster than expected.
Against the backdrop of a somewhat more stable pandemic situation, China’s foreign trade grew faster than expected in May.
The exports of the second largest economy increased by 16.9 percent year-on-year to 308.3 billion US dollars (287.2 billion euros), as announced by the Beijing customs administration on Thursday. Imports also rose 4.1 percent to $229.5 billion, faster than analysts had expected.
The Chinese economy came under pressure in the first half of the year due to the strict measures to contain the corona virus. However, some restrictions have recently been relaxed because the number of infections has fallen. In Shanghai, the country’s most important economic hub, a two-month lockdown ended last week, which could give a boost to trade in the coming months.