China’s Foreign Trade Sees Significant Growth with 19.2% Increase in July

Beijing: China's foreign trade in yuan-denominated terms grew 19.2% year on year in July, data from the General Administration of Customs showed. The total value of goods imports and exports reached 4.66 trillion yuan (about US$686.26 billion) last month, remaining above 4 trillion yuan for five consecutive months, the data indicated. Exports rose 17.8% from the same period last year, while imports increased 21.2%, Xinhua News Agency reported, citing official data.

According to Emirates News Agency, in the first seven months of the year, total foreign trade in goods amounted to 30.13 trillion yuan, up 17.3% year on year. Exports of high-tech products, including industrial robots and 3D printers, surged by over 50% year on year in July, outpacing the 39% growth recorded in the first half of the year.