China's monthly trade surplus jumped 78% to $41.7 billion, as exports rose 1.1% to $213.8 billion and imports fell 8.5% to $172.2 billion, the Chinese customs agency said Monday.

 

The fall in imports displays poor national demand, analysts said. The rise in exports came despite a worsening trade war with the United States in which both countries have raised tariffs on each other's products.

 

'While exports improved in May, weaker intercontinental demand and the climbing trade war propose that they will start to fall again before long,' Capital Economics said in an analysis.

 

Citi Research, a division of Citigroup Global Markets, also said that improved export growth is likely to be transitory.

 

China's trade surplus with the United States increased to $26.9 billion, driven by a month-to-month increase in exports to $37.7 billion. Imports from the U.S. were up relatively from April at $10.8 billion.

 

This article is originally posted on tronserve.com