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BY Georgia Manors
China’s leadership remains under pressure to rescue the world’s second-biggest economy from an ugly slowdown, despite a surprise leap in foreign trade last month. Exports surged by 15.3 per cent compared with May last year, while imports increased by 12.7 per cent thanks to a rise in demand for crude oil, iron ore and copper. In April, by contrast, exports grew by 4.9 per cent while imports edged up by only 0.3 per cent. Analysts said that their failure to predict the strongly positive trade figures was a result of the way that several holidays had fallen, distorting already volatile data. They were also quick to warn that strong trade figures did not mean that China could avoid a short-term slowdown, The Times explains.
Monday newspaper round-up: China, RBS, Syria
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