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- China trade surplus expands in July
China trade surplus expands in July
The report from the National Bureau of Statistics of China revealed Tuesday the Chinese trade surplus expanded in July from June but narrowed compared with a year-ago surplus.
According to the report, China's exports surged 7.2 percent y-o-y in July to $200.89 billion compared to an 11.3 percent increase in the prior month and economists' forecast of a 10.9 percent growth.
Meanwhile, the country's imports rose 11.0 percent y-o-y last month to $146.58 billion after a 17.2 percent climb in June, while economists had forecast a 16.6 percent gain.
Those trade flows produced a trade surplus of $46.74 billion in July, compared to a surplus of $42.75 billion in June and $48.61billion in June 2016. Economists had expected a surplus of $46.08 billion in July.
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