Chinese Trade Balance Rose In July
China trade balance was reported at USD 28.7 billion vs. USD 20.0 billion in June. Export and import growth were running at 38.1 and 22.7 percent.
The imports are slowing down, I would say that will mean lower exports further down the road.
The accumulated surplus is now at USD 84.5 billion vs. USD 108.0 billion for the same last year and full year 2009 USD 196 billion.
Chart 1. China Trade Balance; Export & Import Growth
Source: Bloomberg