Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

July export jumps 20.4% to US$175b as trade surplus widens


Post Date: 11 Aug 2011    Viewed: 439

CHINA'S export growth picked up unexpectedly in July against a weak global market, raising trade surplus to the highest level so far this year and adding pressure for a stronger yuan.


Exports in July jumped 20.4 percent from a year earlier to US$175.1 billion, up from June's pace of 17.9 percent. Imports expanded 22.9 percent to US$143.6 billion, also stronger than 19.3 percent a month earlier, the General Administration of Customs said today.


The country's trade surplus stood at US$31.5 billion in July, widening further from June's US$22.3 billion, May's US$13 billion and April's 11.4 billion.


But China's trade surplus for the first seven months still contracted 8.7 percent from a year earlier to US$76.2 billion, thanks to increased imports in earlier months.


"It is unexpected that trade surplus had such a sharp increase in July," said Xue Jun, an analyst at the CITIC Securities Co. "A rising surplus will surely trigger renewed demand for yuan's appreciation."


However, Xue reminded that a faster growth in China's exports was a result of more business with emerging markets who are not major campaigners for a stronger yuan like the US and the EU.


In the first seven months, bilateral trade between China and the US expanded 18.5 percent year on year, much slower than China's overall trade growth of 25.1 percent. China's trade with Europe grew 21.1 percent at the same time.


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0255 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2