China May Exports in USD Terms +19.4% YoY, Above Forecast of +15% Funds - News Content - AASTOCKS.com

Goldman Sachs raises yuan forecasts on China export strength - Investing.com

Brokers Raise RMB Forecasts; G Sachs Expects USD/CNY at 6.5 within 12 Mths Funds - News Content - AASTOCKS.com

Goldman Sachs raises yuan forecasts on China export strength By Investing.com - Investing.com Australia

China trade outperforms amid tech boom and US rebound

The desk interprets recently outperforming trade data from China as a potential tailwind for the CNY, as the nation sees a significant rebound in exports, particularly to the US. According to a recent note released by ING, China's trade surplus hit $104 billion in May, driven by external demand and base-effect dynamics from the previous year. This better-than-expected export growth, at 19.3% year-on-year against a 15.0% forecast, notably includes a 35.4% year-on-year increase in exports to the US, the strongest since 2021. Per the full note [source], while exuberance may shift based on future data that normalizes post-trade war conditions, the current positive momentum provides a supportive backdrop for the CNY's stabilization against the USD amid a recovering global landscape.