China’s exports and imports expanded rapidly in May, topping forecasts as a global investment supercycle in artificial intelligence drives up prices and demand for hardware made by the world’s manufacturing powerhouse.
Exports jumped more than 19% from a year earlier, the most in three months and higher than all but one estimate in a Bloomberg survey. Imports soared over 27% in May, according to data released by the General Administration of Customs on Tuesday, leaving a trade surplus of $105.4 billion — the biggest since January.
