China’s international trade in goods and services was worth nearly 4.24 trillion yuan ($597.76 billion) in July this year—a rise of 12 per cent year on year (YoY), according to official data.
In US dollar terms, the country’s exports and imports of goods and services amounted to $317.5 billion and $276.4 billion respectively, recording a surplus of $41.1 billion dollars, the State Administration of Foreign Exchange said.
Goods exports were worth nearly 2.04 trillion yuan ($287.6 billion), while such imports totaled 1.6 trillion yuan ($225.57 billion), resulting in a surplus of 431.6 billion yuan, a state-controlled media outlet reported.
