WRAPUP 1-China's trade revs up in May as COVID curbs ease

BEIJING: China's exports grew at a double-digit pace in May, shattering expectations, while imports expanded for the first time in three months as factories resumed production and logistics snags eased after authorities relaxed some of the COVID curbs in Shanghai.

The stronger-than-expected headline figures add to encouraging signs that the world's second-largest economy has started to chart a path out of the supply-side shock that has rocked global trade and financial markets in recent months.