SteelOrbis Shanghai
The latest figures released on June 11 by the Chinese customs authorities show that China's trade surplus totaled $78.02 billion in the January-May period, down 8.6 percent compared with the same period last year.
The main reason for the trade surplus decrease is the combination of the relative slowdown in export growth and the relative increase in import growth. In the first five months of this year, China's exports came to $545.05 billion in value, up 22.9 percent year on year; meanwhile, China's imports totaled $467.03 billion, up 30.4 percent from the same period last year.