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China's exports rise faster than imports in H1
Jul '12
China’s total exports grew at a faster rate than overall imports during the first six months of 2012.
Growing at a rate of 9.2 percent year-on-year, China’s total exports were worth US$ 954.38 billion during January-June period, while total imports rose at about 6.7 percent year-on-year to US$ 885.46 billion. Thus, there was trade surplus of US$ 68.92 billion in China’s favour.
Imports and exports together touched US$ 1.839 trillion, showing an increase of 8 percent year-on-year. Of these, general trade of imports and exports achieved US$ 975.09 billion, an increase of 8.9 percent year-on-year. While imports and exports of processing trade accounted for US$ 643.15 billion, registering a rise of 4.3 percent year-on-year.
General trade exports during the six month period were worth US$ 460.58 billion, up 10.1 percent year-on-year, while processing trade exports accounted for US$ 415.27 billion, a jump of 6.4 percent year-on-year.
On the other hand, imports of general trade contributed US$ 514.52 billion, showing a growth of 7.8 percent year-on-year, whereas imports of processing trade reached US$ 227.88 billion, an increase of 0.7 percent year-on-year.
In June 2012, Chinese imports and exports totaled US$ 328.69 billion, an increase of 9.0 percent year-on-year, of which, exports registered US$ 180.21 billion, up 11.3 percent year-on-year, and imports were worth US$ 148.48 billion, an increase of 6.3 percent year-on-year.

Fibre2fashion News Desk - China

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