world growth

world growth

Saturday, July 12, 2008

China says June trade surplus $21.3B

China says June trade surplus $21.3B

BEIJING (AP) — China's trade surplus fell 20 percent in June as export growth plunged, the government said Thursday, and analysts said Beijing might try to help struggling exporters by slowing the rise of its currency in defiance of pressure from trading partners.

The June trade gap was still China's biggest so far this year at $21.3 billion, the General Administration of Customs reported. Exports totaled $121.5 billion, up 18.2 percent compared with June 2007 — a sharp drop from May's 28 percent growth rate, according to the agency. Imports surged 23.7 percent to $100.1 billion.

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