Trade surplus rebounds
By Xin Zhiming | China Daily | Updated: 2008-08-12 08:15
China's trade surplus rebounded to $25.3 billion in July from $21.4 billion in June, but analysts said the country's trade sector still faces uncertainties as the global economy is showing signs of further slowdown.
The country's export growth also picked up in July, up 26.9 percent from a year earlier to reach $136.7 billion, according to Customs statistics. In June, China's export growth slumped from 28.1 percent in May to 17.6 percent year-on-year, triggering widespread concern over the weakening trade sector and its likely impact on the economy.
In July, imports amounted to $111.4 billion, up 33.7 percent year-on-year. The trade volume, therefore, totaled $248.1 billion in the month, up 29.8 percent year-on-year.
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