China trade surplus falls 29.6% as imports gain
BEIJING (AFP) - China's monthly trade surplus fell 29.6 per cent in July year-on-year to US$17.8 billion (S$23 billion), government data showed on Thursday as imports and exports both rose.
Exports increased 5.1 per cent to year-on-year to US$186 billion, according to customs data, while imports rose 10.9 per cent to US$168.2 billion.
The results marked a rebound in both exports and imports after they had declined in June, with the gain in imports being the first since April.
The trade data come after mixed messages on China's economy last week when private and official surveys of the country's important manufacturing sector showed differing results.