SHANGHAI :
China Posts USD27.8 Billion Surplus in Trade of Goods and Services for July
Xu Wei
DATE:  Sep 01 2017
/ SOURCE:  Yicai
China Posts USD27.8 Billion Surplus in Trade of Goods and Services for July China Posts USD27.8 Billion Surplus in Trade of Goods and Services for July

(Yicai Global) Sept. 1 -- China registered a surplus of USD27.8 billion in international trade of goods and services in July, compared with the USD16.8 billion recorded in the previous month, data that the State Administration of Foreign Exchange released yesterday show.

Revenue from trade in goods and services totaled USD204.5 billion in July, and spending amounted to USD176.7 billion, down from USD208 billion and USD191.2 billion in June, respectively.

The surplus in goods trade came in at USD48.8 billion, higher than the USD46.3 billion recorded for June, while the service trade surplus dropped to USD21 billion from USD29.5 billion.

Denominated in yuan, revenue from international trade in goods and services stood at CNY1.38 trillion in July, outstripping total spending (CNY1.2 trillion) by CNY188.1 billion. This marks an increase in trade surplus from CNY114.3 billion in the previous month.

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Keywords:   SAFE