Dow Jones Newswires: China’s exports rebounded strongly in May as lockdowns lifted

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BEIJING — China’s exports rebounded strongly in May as the world’s second-largest economy gradually emerged from COVID-19 lockdowns, factories resumed production and the supply-chain crunch eased.

Exports rose 16.9% from a year earlier, according to data released Thursday by the General Administration of Customs. That beat the 8.0% growth expected by economists polled by The Wall Street Journal, and marked a sharp jump from the 3.9% expansion in April — the lowest in nearly two years.

Imports increased 4.1% last month after staying flat in April. The economists surveyed had anticipated imports growth of 2.5% for May.

The trade surplus stood at $78.8 billion in May, higher than the $59.5 billion forecast in the WSJ poll. China reported a $51.1 billion trade surplus in April.

This article was originally published by Marketwatch.com. Read the original article here.

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