![Containers pile up at Beibu Bay, Guangxi Zhuang Autonomous Region. [CFP]](http://images.china.cn/attachement/jpg/site1007/20110810/00016c8b649f0fac6fb558.jpg "Containers pile up at Beibu Bay, Guangxi Zhuang Autonomous Region. [CFP]")
Containers pile up at Beibu Bay, Guangxi Zhuang Autonomous Region. [CFP]
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Containers pile up at Beibu Bay, Guangxi Zhuang Autonomous Region. [CFP] |
China's trade surplus shot up to US$31.48 billion in July from June's US$22.27 billion, hitting the highest level in more than two years, the General Administration of Customs (GAC) said on Wednesday.
Exports rose 20.4 percent year-on-year to reach US$175.128 billion in July, compared with 17.9 percent in June.
Imports increased 22.9 percent from a year ago to US$143.64 billion, faster than June's 19.3 percent increase
The figure beat previous forecast, signalling China's economy outlook is better than investors have predicted against the backdrop of US rating downgrade, said Australia & New Zealand Banking Group in its report.
The report also said China will run at a high level trade surplus in the coming months.