Pantheon Macroeconomics

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10th Jun 2022 00:00China+, Daily Monitor

Chinese exports rebounded in May on the back of the country’s reopening, post-Omicron.

A more muted recovery of import growth meant that the trade balance rose further into surplus.

We still expect a decline in the surplus this year, but policy is working hard to mitigate this.

copper energy exports government import growth imports June labour market share May policy savings trade trade balance trade surplus u.s.

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