Sunday 11 July 2010

China's exports jump 43.9 percent

Despite the large year-on-year increase, Chinese export growth actually slowed in June. AFP/CNA reports the latest trade figures from China.

China said Saturday its exports continued to soar in June, as demand for Chinese-made goods remained robust despite the European crisis and tepid US recovery.

The nation's overseas shipments of items including electronic gadgets, shoes and textiles, reached 137.4 billion dollars last month, up 43.9 percent from the previous year.

The pace of growth was slower than in May when exports surged 48.5 percent, but was better than most analysts had expected.

China posted a trade surplus of 20.02 billion dollars in June, up slightly from the month before, according to figures released by customs authorities.

The figure compared with a trade surplus of 19.53 billion dollars in May and 1.68 billion dollars in April.

Imports gained 34.1 percent year-on-year to 117.4 billion dollars, marking a slowdown from May when imports of raw materials and other products soared 48.3 percent.

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