FOREIGN TRADE IN JULY

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(0811 CR M07) FOREIGN TRADE IN JULYDATELINE: Aug 11, 2011LENGTH: 00:01:16VOChina has reported a faster-than-expected growth in exports, imports and trade surplus, but analysts said the picture might become worse in the coming months amid a faltering global economy. The General Administration of Customs (GAC) released the latest foreign trade data on its website on Wednesday.It says the trade surplus rose sharply to a record high of more than 31 billion U.S. dollars in July, compared with about 22 billion dollars in June, and almost 29 million dollars in the same period a year ago. Exports in July rose 20 percent year-on-year to be over 175 billion dollars, a record monthly high compared with 18 percent in June. Imports quickened from June's 19 percent to 23 percent to 143 billion dollars.The robust readings suggest both China's competitiveness in exports and domestic demand are in relatively good shape.However, external market instability would gradually be felt by Chinese exp Powered by www.newslook.com Producer : Xinhua News Agency

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