China posts record $101 billion trade surplus but export boom could fade

China posts record $101 billion trade surplus but export boom could fade

Exports rose 18% in July from a year earlier, the fastest pace this year, official customs data showed on Sunday, August 7, compared with a 17.9% increase in June and beating analysts’ expectations for a 15% gain.

China posts record $101 billion trade surplus but export boom could fade

By Laura He, CNN BusinessChina’s export sector delivered robust growth in July, providing much-need support for the world’s second largest economy that is almost certain to miss its GDP target this year.Exports measured in US dollars jumped 18% in July from a year ago, marking the fastest pace of growth this year, according to Chinese customs statistics released on Sunday. Analysts polled by Reuters had forecast a 15% increase. In June, exports…

China posts record $101 billion trade surplus but export boom could fade

China's export sector delivered robust growth in July, providing much-need support for the world's second largest economy that is almost certain to miss its GDP target this year.