China trade figures: Exports rebound sharply in July

Date : 2013-08-20  | From : Xinhua

China has released its trade figures for July, showing the country’s foreign trade is growing again, reversing June's decline.

The total volume of foreign trade in July reached more than 354 billion US dollars, an increase of 7.8 percent on the same period last year. Exports increased 5.1 percent year on year in July to nearly 186 billion US dollars. Imports were up 10.09 percent from a year earlier to more than 168 billion US dollars.

Huang Guohua, Deputy Inspector, General Administration of Customs, said, "On one hand, the increase shows demand in international markets is growing, which stimulates our exports. On the other, China’s economy has shown positive signs of stabilization and recovery, which is driving a rapid growth in imports."