China Reports $17.8 Billion Trade Surplus

China’s exports rose 5.1 percent in July from a year earlier while imports advanced 10.9 percent, resulting in a $17.8 billion trade surplus, the General Administration of Customs said today in Beijing.

Shipments abroad compared with the median estimate for a 2 percent increase in a Bloomberg News survey of 45 analysts and June’s 3.1 percent drop. Forecasts ranged from a decline of 4 percent to gain of 8.8 percent.

The increase in imports compares with the median estimate for a 1 percent gain and a 0.7 percent decline in June. Projections ranged from a fall of 2.3 percent to an advance of 6 percent.


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