China's foreign trade has grown steadily

China's foreign trade exports in May reached 131.76 billion us dollars, up 48.5%, 18.1 percentage points faster than the previous month, and the strong growth rate was the highest since March 2007. Analysts pointed out that China's high export growth in May benefited from factors such as a low base in the same period last year, and was also driven by the recovery in external demand in the context of world economic recovery. Experts predict that China's foreign trade will grow steadily this year.

According to customs statistics, in the first five months, China's imports and exports totaled us $1,1000.9 billion, up 44 percent from the same period last year. Of this total, exports totaled us $567.74 billion, up 33.2 percent. Imports totaled us $532.35 billion, up 57.5%. The trade surplus was us $35.39 billion, down 59.9 percent.

In the first five months, bilateral trade between China and the eu increased by 37.4%. The impact of the European debt crisis was smaller than expected. Most analysts believe that judging from the export data in May, the impact of the European debt crisis on China's exports is less than expected, which indicates that China's export recovery is better than the market expected. At present, the impact of the European debt crisis on China's import and export is not very great.

In the first five months of this year, China's bilateral trade with the eu totaled $177.49 billion, up 37.4 percent. During the same period, the total value of bilateral trade between China and the United States was $138.68 billion, up 28.2 percent. Asean narrowly overtook Japan as our third largest trading partner. Bilateral trade totaled us $111.8 billion, up 57.5 percent. In the same period, the total value of bilateral trade between China and Japan was us $111.56 billion, up by 38.8%.

"Despite the recent turmoil in European financial markets, the outlook for the European economy remains positive," said zhou shiyi, macro analyst at galaxy securities. The conference board's leading index for the euro zone rose 0.9 percent to 110.4 in April, after rising 1.2 percent and 0.5 percent in the previous two months. This suggests that the recovery from the recession is continuing and the leading indicators have returned to a steady upward trajectory, suggesting a modest pick-up in activity in the second half of the year.

Meanwhile, the U.S. economy continues to improve. "Consumer confidence in the United States has improved amid a favorable environment of stable real estate, a stabilizing economy and job creation," he said. Us consumer confidence rose for the third month in a row to 63.3 in May and consumer expectations rose to their highest level since August 2007.