World champion in exports, China made a surprisingly good start to the second half of the year despite the global economic slowdown. Exports grew 18 percent year-on-year to about $333 billion in July, according to data released by the customs agency on Sunday. However, the increase is mainly due to higher prices, while the volume of exported goods has fallen, according to experts. Imports grew by just 2.3 percent in July. Exports exceeded imports by more than $101 billion – a record trade surplus. This is bad news for the German economy, after all, the People’s Republic is the most important buyer of goods “Made in Germany” after the USA.
Trade – China exports more – Economy
