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China’s Trade Surplus Hits Record But Slowdown Risks Remain

  • Nation’s trade balance climbed to about $101 billion in July
  • Exports grew 18%, beating economists’ estimates for 14.1% gain
Bloomberg business news
China’s Exports Rise 18% Y/Y in July, Beating Expectations
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China’s surprisingly strong export growth in July lifted its trade surplus to another record and provided some much-needed economic support, but the country will still have to find ways to keep its fragile recovery on track as the global economy slows this year.

The nation’s trade balance climbed to about $101 billion last month, while exports in dollar terms grew 18% from a year earlier -- far higher than economists’ estimates of a 14.1% gain.