China's Trade Surplus Hits $14.5 Billion

China posted a record $14.5 billion trade surplus in June, up 49% year-on-year and surpassing the $13 billion reported in May, the commerce ministry said July 10. China's trade surplus for the first six months totaled $61.45 billion, up 54.9%. Exports ...

Agence France-Presse

July 10, 2006

China posted a record $14.5 billion trade surplus in June, up 49% year-on-year and surpassing the $13 billion reported in May, the commerce ministry said July 10.

China's trade surplus for the first six months totaled $61.45 billion, up 54.9%. Exports in June rose 23.3% year-on-year to $81.31 billion, while imports grew 18.9% to $66.81 billion.

"China's strong exports have been underpinned by firm foreign demand, massive outsourcing of production to China by multinationals and a currency that has been relatively stable," Lehman Brothers' Global Weekly Economic Monitor said in its July 10 edition.

However, China's imports in June were down slightly from the 21.7% year-on-year growth registered in May; similarly exports in June were slightly down from 25.1% , the government statistics showed.

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2025. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.