Caixin
Aug 08, 2022 03:59 PM
ECONOMY

China’s Trade Surplus Hits Record, but Slowdown Risks Remain

A container ship at Shanghai’s Yangshan Deepwater on July 5. Photo: Bloomberg
A container ship at Shanghai’s Yangshan Deepwater on July 5. Photo: Bloomberg

(Bloomberg) — China’s surprisingly strong export growth in July lifted its trade surplus to another record and provided some much-needed economic support, but the country will still have to find ways to keep its fragile recovery on track as the global economy slows this year.

The nation’s trade balance climbed to about $101 billion last month, while exports in dollar terms grew 18% from a year earlier — far higher than economists’ estimates of a 14.1% gain.

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