China Trade Surplus Widens in July

China’s exports and imports both rose faster than expected in July, producing a trade surplus of $31.5 billion, the largest in more than two years.

Exports jumped 20.4 percent from a year earlier, to $175.1 billion, as economic weakening in the United States and Europe seemed to have little immediate effect on demand for the wide range of manufactured consumer goods that are the mainstay of Chinese exports.

Imports climbed 22.9 percent from a year earlier, to $143.6 billion.

Exports and imports each grew more in July than June, belying recent corporate surveys in China that have suggested a weakening in export orders over the last three months., the General Administration of Customs
8/10/2011 11:23:51 AM