Global Growth Bump Still Going Strong

Caixin: China Imports, Exports Accelerate in May

Exports rose 8.7% last month from a year ago to $191.0 billion, according to figures published by the General Administration of Customs. That was up from a gain of 8.0% in April and it beat a median forecast of a 7.6% growth in a Caixin poll of 10 economists.

Imports jumped 14.8% year-on-year in May to $150.2 billion, customs data showed. That was higher than April’s rise of 11.9% and well ahead of a median estimate of an increase of 9.5% in the survey.

China held $40.8 billion in a trade surplus last month, compared with $44.8 billion in the same month in 2016.

China is buying up oil on the cheap: China's crude imports hit second highest on record in May

China imported 37.2 million tonnes or 8.76 million barrels per day of crude oil last month, up 15 percent from a year earlier and nearly 8 percent from April, data from the General Administration of Customs showed.

Caixin: China Rail Freight Sees Booming 2017 After Five Years of Contractions