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24th May 2022 00:00China+, Daily Monitor

Korean exports accelerated in May, but this is unlikely to herald a broader global revival.

The data also suggest a partial recovery in China, as restrictions ease, but energy prices are a key driver.

The renminbi has gained on dollar weakness, and hopes of tariff reductions, but it will weaken again.

capital outflows depreciation energy energy prices exports fdi fdi flows interest rate korean exports liquidity manufacturers manufacturing May October oil oil prices pboc petroleum policy q2 rmb rmb depreciation semiconductors tariffs trade u.s. yields

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