RTTNews - China posted a trade surplus of $13.39 billion in May, the General Administration of Customs said on Thursday, below expectations for a surplus of $14.9 billion.
Imports were $75.37 billion in May, down 25.2 percent on year. Exports came in at $88.76 billion, down an annual 26.4 percent and falling for the seventh consecutive month.
For the period of January through May, the trade balance was $88.79 billion, down 21.8 percent on year. Imports were $337.35 billion, down 28 percent on year, while exports came in at $426.1 billion, down an annual 21.8 percent.
Seasonally adjusted, imports were up 4.4 percent on month, while exports added 0.2 percent on month.
Also on Thursday, the National Bureau of Statistics said that China's fixed asset investment in urban areas jumped 32.9 percent on year for the period of January to May.
Analysts had been expecting an increase of 31 percent after FAI was up an annual 30.5 percent for the period of January through April.
Real estate investment was up 6.8 percent in the first five months of the year, the data showed, while investment in central government projects jumped 28 percent on year and investment in state projects jumped an annual 33.4 percent.
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