China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (331)	8/13/2003 10:20:36 PM
From: RealMuLan	Read Replies (1) of 6370

China's trade surplus shrinks 27.6% in July from year earlier China's trade surplus shrank 27.6 percent in July from a year earlier to US$1.6 billion as import growth far exceeded export growth, said the Ministry of Commerce on Wednesday. The trade surplus of the first seven months of the year was just US$6.1 billion, a decline of more than 61 percent, the ministry said on its website. Advertisement Exports last month stood at US$38.1 billion, up 30.6 percent from a year earlier, while imports totaled US$36.5 billion, an increase of 35.3 percent, according to the ministry. In the first seven months of the year, exports rose 33.4 percent to US$228.4 billion, while imports rose 42.9 percent to US$222.3 billion. China has cited the rapid rise in its imports as a reason why it would be a bad time to strengthen the currency, despite international calls for such a move. channelnewsasia.com

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