China Trade Surplus Hits Record $14.5 Billion in June

$61.5 billion
China's Trade Surplus for the first half of 2006, a 55% increase over same period in 2005.

China's global trade surplus rose to a record monthly high of $14.5 billion in June, the Commerce Ministry reported. The previous record monthly trade surplus was $13 billion in May 2006.

Exports increased by 23% from a year earlier to $81.3 billion while imports climbed 19% to $66.8 billion.

China's trade surplus hit a historic high of $102 billion last year, more than triple the $32 billion surplus in 2004.  China's trade surplus with the United States hit a record $202 billion in 2005.

June's increase raised the trade surplus for the first half of the year to $61.5 billion, a 55% jump over last year's first-half surplus of $39.7 billion.

The economy grew at an annual rate of 10.3% in the first quarter of the year. First-half GDP growth number to be released soon, would likely would remain at about 10%.


Previous: « NEA closes its largest $2.5B fund, in a $20 billion a year VC system

Next : » US Consumer Borrowing Slows to 2.4% annual rate in May

  ABOUT    CONTACT Metrics 2.0 RSS Feeds RSS   Metrics 2.0 Widgets for your site or blog WIDGETS   ARCHIVES

Enter Email for Daily Feed Delivery: