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China's May foreign trade rises 16.9%
Data from China's General Administration of Customs showed that the country's foreign trade volume, measured in yuan, increased by 16.9% in May, reaching a total of 4.45 trillion yuan (approximately $653 billion). Export growth was 13.8%, while imports rose by 21.5% year-on-year. During the first five months of the year, total foreign trade amounted to 20.68 trillion yuan, up 15.3% compared to the previous year.
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