Wed, 11 Jul 2012 12:04:57 GMT
China's trade surplus jumped by 42.9%
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