China’s trade surplus has narrowed, as in the month of May exports had accelerated above expectations, as the threat of the US slowdown and the appreciation of the Yuan have not affected exports.
Despite the increase in exports, the level of trade surplus is still high as the trade surplus was $20.2bn compared to $22.45bn last year as imports have increased by 40% year-on-year.
In the same period, exports to the US accelerated, even though there was a 10 percent rise in the yuan against the dollar, as exports rose by 9.1 …