| China's Trade Surplus Down 9.6 Pct |
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| Monday,August 11,2008 Posted: 16:13 BJT(0813 GMT) |
| From:Xinhua Article type:Translated |
China's trade surplus fell to 123.72 billion U.S. dollars in the first seven months, down 13.1 billion U.S. dollars, or 9.6 percent year on year, the General Administration of Customs said on Monday.
Analysts said the fall was partly a result of China's policies to tame surplus, but was also in part due to the rising prices in energy and resources China imported.
The Jan.-July exports had increased 22.6 percent year-on-year to 802.91 billion U.S. dollars, however, imports rose 31.1 percent to 679.2 billion U.S. dollars.
The total trade volume in the first seven months stood at 1.4821 trillion U.S. dollars, a year-on-year rise of 26.4 percent.
July's trade volume rose 29.8 percent to 248.07 billion U.S. dollars with exports totaling 136.68 U.S. dollars, up 26.9 percent. Imports were up 33.7 percent to 111.4 billion U.S. dollars. The July trade surplus stood at 25.28 billion U.S. dollars.
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