China's Trade Surplus With the U.S. Leaps Past $22 Billion in May

China's latest trade data report provides some comfort for President Donald's Trump ambition to slash America's trade deficit with its biggest economic rival, but nonetheless shows how difficult that will be -- even with a more competitive greenback.

China, the world's second-largest economy, had a global trade surplus of just over $40.8 billion last month, its Customs Office said Thursday, despite and impressive 14.8% year-on-year rise in imports that suggests solid domestic demand despite concern for slowing property prices. However, more than half of the surplus -- $22 billion -- was registered with the United States.

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This article was written by a staff member of TheStreet.