(Beijing Comprehensive News) China ’s exports increased by 18%year -on -year exports, which is the highest monthly point since this year, and the growth rate exceeds market expectations.
Comprehensive Surging News, Zhongtong News Agency, and Bloomberg reported that data released by the General Administration of Customs on Sunday (7th) showed that the July trade surplus was US $ 10.26 billion (about S $ 139.8 billion), which exceeded the records set in June.This is the highest value since 1987.
In July, the export of US dollars was increased by 18 % year -on -year, which was higher than Bloomberg's estimated medium value of 14.1 %.The cumulative exports from January to July increased by 14.6%year -on -year.The growth rate of exports is faster than expected, breaking the expectations of the weakening of global demand for trade constituent, and also provides support for the Chinese economy due to anti -epidemic and the downturn in the real estate market.
Zhang Zhiwei, president and chief economist of Shanghai Baoyin Investment Management Company, said, "Export growth is unexpectedly strong, helping to increase confidence in the RMB exchange rate, and then help curb capital outflows."
In the first seven months of this year, the import and exports of China, the EU, and the United States increased by 13.2%, 8.9%, and 11.8%year -on -year.Yajia'an continued to be the largest trading partner in China, accounting for 15%of the total foreign trade value.Chinese officials believe that the dividend brought by the Regional Comprehensive Economic Partnership Agreement (RCEP) emerged.
