China's Import and Export Growth Slowed Last Month, Customs Data Show
Xu Wei
/SOURCE : Yicai
China's Import and Export Growth Slowed Last Month, Customs Data Show

(Yicai Global) Aug.8 -- China's import and export growth slowed last month, the latest trade data show.

The country's imports for the month were worth USD146.9 billion, an increase of 11 percent over last July compared with June's 17.2-percent growth, data released today by China's General Administration of Customs show. Exports stood at USD193.6 billion, an annual increase of 7.2 percent compared with June's 11.3 percent growth.

Factors including a higher starting point caused the decline in import and export growth, the customs administration said.

Last month's trade surplus was USD46.7 billion. June's was USD42.8 billion.

The China Export Leading Indicator rose to 41.9 last month, up 0.4 from the previous month.

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Keywords: Import , Export