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Exports to Europe were up 34.4 percent in May from a year earlier while those to the United States rose 24.8 percent. China's politically sensitive trade surplus with the United States was $16.7 billion. Exports to some developing markets rose much faster, reflecting the uneven recovery of global demand. Shipments of Chinese goods to Indonesia jumped 61 percent and to Russia by 53.8 percent. Import growth also slowed from its April level of 49.7 percent, which analysts said reflected weaker demand for foreign iron ore and other raw materials. The government is trying to cool a boom in the real estate industry, which is one of China's top customers for steel, copper and other building materials. ___ Online: China General Administration of Customs (in Chinese):
http://www.customs.gov.cn/
[Associated
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