China: Trade Surplus May Be Below $ 25 Billion – BBH
Analysts at BBH noted that China reported a May trade surplus just under $ 25 billion after a $ 28.8 billion surplus in April was revised to $ 28.3 billion.
“Exports are steady, up 12.6% from a year ago, the same as in April, after the revision. However, imports jumped 26% but are expected to slow after a 21.5% rise in March. Meanwhile, US-China trade tensions will emerge next week. The US is expected to determine $ 50 billion worth of goods that will incur an extra 25% import tariff on the intellectual property dispute. China has said that if the US does so, the offer of trade concessions will be withdrawn. “