11 Jul 2010

Surge in China's trade surplus

10:30 am on 11 July 2010

China has recorded a fresh surge in its trade surplus and exports.

Exports for June were up 43.9% on the same month last year. The BBC reports the $US20 billion trade surplus was the largest this year.

Analysts said the negative effect of the European debt crisis had not been as bad as feared.

The trade surplus and export figures both beat market expectations.

Exports were worth $US137.4 billion in June, up 43.9% on June 2009, while import growth was 34.1%.