China’s trade surplus down in May

Via China Economic Review:

According to figures released by customs, exports rose 28.1% in May to US$120.49 billion and imports increased 40% to reach US$100.29 billion. The export growth rate was 0.6 percentage points lower than the same period of last year, while import growth was 20.9 percentage points higher.

Also buried in the same post is the fact that China’s trade with the EU is growing faster than it’s trade with the U.S.