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China trade defies Iran war drag as exports, imports beat estimates in May
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- China's trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war.
- Exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
China's trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war.
Exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged growth at 15%.
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