China's trade surplus jumped by 42.9%

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Source: The Telegraph
China's export is boosting and in comparison with previous year readings trade surplus increased by 42.9% to USD 31.7 billion in June 2012. However, export growth slowed down from 15.3% in April to 11.3%. Moreover, citing China's customs bureau, growth in imports halved from May's 12.7% to 6.3% in June. Such drop was mainly determined by reduced amount of commodity imports. Although the Chinese economy growth was 8.1% for the first quarter of 2012, lowest since 2009. Experts propose it to get even slower (7.6%) in the second quarter of the year.
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Wed, 11 Jul 2012 12:15:57 GMT

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