China's June trade surplus up 16.4% to $39.2 billion
BEIJING (AFP) - China's monthly trade surplus jumped 16.4 per cent in June to US$31.6 billion (S$39.2 billion), official data showed Thursday, as exports and imports both rose in the latest sign of strength in the world's second-largest economy.
Exports increased 7.2 per cent to US$186.8 billion year-on-year, the General Administration of Customs announced, while imports gained 5.5 per cent toUS $155.2 billion.
But the trade surplus fell short of the median forecast of US$36.9 billion in a survey of 21 economists by The Wall Street Journal.
Exports, which accelerated slightly from May's gain of 7.0 per cent, fell well short of the median prediction of a 10.0 per cent rise.