China’s foreign trade drops

Beijing, Aug 8 (IANS) China’s foreign trade dropped 7.3 percent year-on-year to 13.63 trillion yuan ($2.23 trillion) in the first seven months of 2015, official data showed on Saturday.

Exports edged down by 0.9 percent from a year ago to 7.75 trillion yuan, while imports slumped by 14.6 percent to 5.88 trillion yuan, Xinhua cited from data by the General Administration of Customs.

The trade surplus doubled to hit 1.87 trillion yuan in the January – July period.

In July, foreign trade decreased by 8.8 percent from the same period last year to 2.12 trillion yuan, with exports declining by 8.9 percent to 1.19 trillion yuan and imports falling by 8.6 percent to 930.2 billion yuan, the data showed.

The trade surplus in July dropped by 10 percent to 263 billion yuan.

 

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