|
Lloyds - Trade surplus rises to new peak of $14.bn |
|
|
|
Thursday August 10 2006
China's trade surplus rose to a record $14.61bn in July, exceeding the
previous peak of $14.5bn in June, the official Shanghai Securities News
said, reports Reuters.
Exports hit $80.34bn in July, up 22.6% from a year earlier, while imports
rose 19.7% to $65.72bn, the newspaper quoted a source familiar with the
figures as saying.
Economists polled by Reuters had expected a surplus of $14.5bn based on
export growth of 23.6% and import growth of 20.8%.
If confirmed, the figure would take China's 12-month rolling trade surplus
to $126.8bn from $122.6bn in June.
The surplus trebled in calendar year 2005 to $102bn and the State
Information Centre, a key government think-tank, said it was likely to
swell further to $146bn this year.
"We expect China's foreign trade will tend to be more balanced in the
second half of 2006," the think-tank said in a research report published in
the newspaper.
It forecast China's exports to grow 24% in all of 2006, with imports rising
21%.
|