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China’s exports remain under increasing pressure from intensifying trade frictions and looming tariffs from the United States and European Union, analysts said, despite shipments having accelerated in May for a second consecutive month – partly due to a surge in demand from Southeast Asia.
China’s exports rose in May at the quickest pace in more than a year, the government said on Friday, as a flood of appliances, cars and electronics poured out of factories and the prospect of a global backlash grew.
HONG KONG (AP) — China’s exports for May beat analyst expectations despite trade tensions, though imports shrank, according to customs data released Friday.
HONG KONG -- China's exports expanded for the second straight month in May, lending support to the world's No. 2 economy, which is plagued by a prolonged property crisis and soft domestic demand.
This is CNBC's live blog covering Asia-Pacific markets.
The European Union's upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down on circumvention by third parties, an advisor to the office of Ukrainian President Volodymyr Zelenskyy told CNBC.
China on Thursday said it will restrict the exports of certain aviation and aerospace components and technologies starting July 1, citing the need to "safeguard national security."
The big economic news this week was Biden’s very large tariffs on a number of Chinese-made goods. Those tariffs appear to have acted as a catalyst for a bunch of other countries — India, Brazil, Vietnam, Thailand, Mexico, the EU, etc. — to consider their own tariffs on China.