China’s international trade in goods and services reached around 4.24 trillion yuan in July 2024, reflecting a 12 percent increase compared to the previous year, according to official data released on Friday.
The nation’s exports and imports of goods and services totaled $317.5 billion and $276.4 billion, respectively, yielding a surplus of $41.1 billion, as reported by the State Administration of Foreign Exchange.
The export value of goods was approximately 2.04 trillion yuan, whereas imports totaled 1.6 trillion yuan, leading to a surplus of 431.6 billion yuan.
For services, the value of exports was 228.8 billion yuan, while imports reached 367.1 billion yuan, leading to a deficit of 138.2 billion yuan.
Read more: China’s industrial companies achieve $575.1 billion in profits in first seven months
Last week, China’s National Bureau of Statistics reported that the profits among China’s leading industrial companies rose by 3.6 percent year-on-year in the first seven months of the year. This marks a slight improvement from the 3.5 percent growth noted during the June-January period.
In total, industrial firms with revenues exceeding 20 million yuan (around $2.81 million) generated profits of 4.099 trillion yuan ($575.1 billion) in the first seven months. In July alone, profits for these major companies increased by 4.1 percent compared to the same month last year.Â
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