Chinese Exports and Imports Rise More than Expected

搜索关注在线英语听力室公众号：tingroom，领取免费英语资料大礼包。

　　New stats show trade in China has rebounded¹ more than expected through July.

 

　　The General Administration of Customs is reporting exports have increased 5.1-pecent through this past month to just under 186-billion US dollars.

 

　　Most analysts² had only been expecting a rise of around 3-percent.

 

　　This follows a 2-percent decline in exports in June.

 

　　At the same time, imports are up almost 11-percent.

 

　　Huang Guohua is with the General Administration of Customs.

 

　　"Exports are driven by the recovering demand from international markets while the surge on imports shows domestic economy is gradually bouncing back, thus helped the double digit³ increase in home-grown demand."

 

　　Overall Chinese trade for July increased 7.8-percent on an annualized basis.

 

　　The export of electronics and machinery⁴ products increased by 4-percent in July.

 

　　This accounts for just over 55-percent of overall Chinese exports this past month.

 

　　Two-way trade with Europe through last month is up 5-percent.

 

　　Trade with the United States is up 10-percent in July.

 

　　Chinese trade within Asia itself has also risen.

 

　　There was an overwhelming improvement in commodity imports last month, with iron ore jumping 17 percent from June.

 

　　Industrial output, inflation and producer price data is due out this Friday.

分享到：