China's Trade Surplus Rose to its Highest Level

  • Tuesday, August 30, 2011
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  • Keywords:Trade
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China's trade surplus rose to its highest level in more than two years. Customs data showed that while export growth rose 20.4% from June's 17.9%, imports rose 22.9%, up from June's 19.3%.
 
Brazil, India, Canada, Australia, Russia, African countries and Middle East are dependant on China to drive demand for oil, natural gas, metals, iron ore and other imports. Exports rose to a new monthly high of USD 175.1 billion while imports grew to USD 143.6 billion.
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