June 9, 2022

China's exports rebounded and grew at a double-digit pace in May, shattering expectations and adding to signs that China's economy is recovering from COVID-19 outbreaks as factories restarted and logistics snags eased in Shanghai, customs data showed on Thursday.

The country's exports rose 16.9 percent in May year on year in dollar terms, accelerating from April's 3.9-percent increase, according to the General Administration of Customs (GAC). It was the fastest growth since this January and beat Reuters' forecast of an 8-percent gain.

The dollar-denominated imports also expanded for the first time in three months, rising 4.1 percent in May from a year ago. It compared with flat growth in April, and was above Reuters' expectation of a 2-percent increase.

Read more: