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China's exports surge 16.9% in May as Omicron wanes, defy doomsayers - superadmin - 06-10-2022 China's exports machine shrugged off the impact of the most severe COVID-19 outbreaks in the country and largely defied pessimistic views and badmouthing mostly in Western media, as the growth exceeded market expectations at 16.9 percent in May, pointing to China's effective control of the Omicron variant and economic resilience. The better-than-expected growth also showed that the country's economic recovery has been picking up amid the waning impact of the pandemic on multiple economic fronts, especially industrial and supply chains. Thanks to the effective control of the coronavirus outbreak and the government's efforts in boosting market supply and demand, the country is confident to sustain the current momentum and inject impetus into the sluggish world economic recovery, experts said.In May, China's exports stood at $308.25 billion, up by 16.9 percent on a yearly basis, significantly rebounding from the 3.9 percent growth in April, data from the General Administration of Customs (GAC) showed on Thursday. The figure far outpaces forecasts of around 8 percent. - More -