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Wednesday 10th of June 2026 E-paper
* US launches strikes on Iran after Apache helicopter shot down   * Iran says Gulf nations have `responsibility` to halt US, Israeli strikes   * Govt to procure 10,000 MT lentils to stabilize market prices   * Cricketer Nasir, wife acquitted from adultery case   * PM praises contributions of BD peacekeepers   * PM chairs ECNEC meeting at Secretariat   * Banned AL leaders can contest local polls if conditions met: Zahed   * 4 killed as pickup hits stationary truck in Tangail   * Iqbal asks to prepare working paper for readiness of entering nuclear power era   * Govt to amend cyber security act to check misinformation: Home minister tells JS  
   Business
  China says exports jump 19.4% on-year in May, beating forecasts

(BSS/AFP) - Chinese exports surged almost a fifth last month, official data showed Tuesday, as the world`s second-largest economy weathered pressure from the Middle East war.

Overseas shipments from the manufacturing powerhouse jumped 19.4 percent from the same period last year, the General Administration of Customs (GAC) said.

That figure beat the 15.0 percent forecast in a Bloomberg survey of economists, and picked up pace from April`s 14.1 percent increase.

Imports soared 27.4 percent year-on-year in May, topping the 26.0 percent estimated in the Bloomberg survey.

Exports to the United States surged 35.4 percent on-year, as President Donald Trump visited Beijing with trade high on the agenda.

Shipments to the world`s biggest economy hit $39 billion, according to the GAC, up from $28.8 billion in the same month last year, when they plunged during Trump`s turbulent trade war.

The trade gains are a bright spot for the Chinese economy, which has struggled to shift drivers of growth away from manufacturing to domestic consumption.

But weaker demand and rising energy costs caused by the Middle East war have started to weigh on growth.

China`s factory activity was flat last month after two months of expansion, official data showed.

The country`s factories are facing higher costs with the prices of raw materials rising, particularly in the energy and chemical sectors, as shipping constraints remain a problem.



  
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Govt to procure 10,000 MT lentils to stabilize market prices
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China says exports jump 19.4% on-year in May, beating forecasts
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