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July exports high

Customs statistics show that in July, China's foreign trade import and export value $ 318.77 billion, of which exports $ 175.13 billion. Administration of Customs General Statistics Division Zheng Yue sound:

Zheng Yue Sound: 7 months, China's imports and exports performed better than expected, especially exports, another record, while the increase in both imports and exports fall, import and export volume growth accelerated growth in imports of major commodities, the prices fall with to some extent.

China's foreign trade situation from the first half, China's imports and exports down, the trade surplus has been narrowing, but the July trade surplus reached a high of 30 months in China Voice of special observers Ye Tan:

Ye Tan: It is indeed strange, and the exchange rate and other factors is poorly explained and the yuan against the U.S. dollar recently hit a new high, the only explanation is that the recent sharp rise in new orders in China in particular, is transferred to the Midwest's manufacturing exports probably to compensate for the decline in the eastern manufacturing.

Looking to the future months, the export situation, the U.S. debt crisis in the face of recent global economic downturn could lead to the risk, Ye Tan do not think the sharp decline in global trade will occur, mainly due to ample global monetary liquidity:

Ye Tan: ample liquidity in the money under the impact of investors to make two choices: continue to invest in and accelerate the consumption. Now, a part of the group consumption to increase, the U.S. credit card giant Visa second quarter earnings hit a new high.

Secretary General Administration of Customs statistics said Zheng Yue sound, the second half of China's foreign trade situation facing the uncertainty is still large, but it also breeds opportunities:

Zheng Yue sound: two days to the international crude oil as the representative of the bulk product prices, which is to improve the conditions of our foreign trade is good, but at the same time,With the United States may further quantitative easing policy, may also cause bulk product prices, the impact of China's imports exports may be even more uncertainties.


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