China Continuous Growth on Exports by 12.6% in May

China’s exports grew steadily in May by 12.6 percent, sight lower than the month of April. Nonetheless, this is still good news for policymakers amid the trade negotiations with the United States.

Imports have exceeded expectations in May at the fastest rate since January. With the incoming data, China vowed to trade with their partners, including the U.S., aiming to raise imports.

Despite concerns in the foreign trade sector, China remains well with the worsening trade tensions with the U.S. Just last week, it would continue to impose tariffs on Chinese imports.

The third round of talks between the two big nations had a little progress as rising tension with the United States with risks on trade and business deals if the United States continues the imposition of tariffs.

The median forecast showed 10 percent growth of exports in May based on the survey of 32 analysts by Reuters. The actual output is just a little below 12.7 percent on the posted growth for April.

Setting aside the possibility of a trade war, analysts warn China that growth of exports may be affected and be put on hold.

Senior China Economist at Capital Economics, Julian Evans-Pritchard, said that China is still likely to slide down in the years to come as the global momentum would lose its strength as credit growth further becomes sluggish.

Imports rose by 26 percent in May, according to the General Administration of Customs, exceeding the forecast of 18.7 percent than the rebound of 21.5 in April.

The trade surplus of Beijing was accounted to be $24.92 billion this month. It is predicted to rise to $31.9 billion in May compared to $28.38 billion in April.