Chinese July exports grow 11.2 pct  

The value in yuan of Chinese exports was 11.2 percent higher in July than a year earlier, and the value in yuan of Chinese imports was 14.7 percent higher, Xinhua reports, without giving either value.

But the Chinese government-run news agency, citing Chinese General Administration of Customs data, says the result was a Chinese trade surplus of 321.2 billion yuan (US$47.8 billion) in July, 1.4 percent more than a year earlier.

The report says that in the first seven months of this year the value in yuan of Chinese exports was 14.4 percent higher than in the equivalent period last year, and that the value in yuan of Chinese imports was 24 percent higher – again, without giving either value.

The result was a Chinese trade surplus of 1.6 trillion yuan in the first seven months, 14.5 percent less than in the equivalent period last year.