Export surge

A stronger-than-expected surge in ex- ports during May is compelling testimony to the resilience of Chinese exporters.

That does not, however, mean the country can slow the pace of shifting from export reliance to domestic consumption for economic growth.

China's exports rose 48.5 percent year-on-year in May, while imports were up 48.3 percent. The exports have in fact rebounded to pre-crisis levels, hitting $131.7 billion last month, up from $120.5 billion during the same month two years ago.