China posts record trade surplus as foreign importers rush to beat tariffs - short news
The $99bn figure comes as data shows exports growing at fastest rate in 15 months while imports fell
China posted a record $99bn (£76.4bn) trade surplus last month amid signs of importers bringing forward orders to beat higher tariffs on goods from the world’s second biggest economy.
The latest official figures from Beijing showed exports growing at their fastest rate in 15 months, while the weakness of China’s domestic economy resulted in falling imports.
Continue..source: The Guardian - 12.07.2024