China’s Trade Surplus Hits Record High In July

China’s trade surplus reached an 18- month high as exports rose to a record and import gains slowed. The gap surged 170% from a year earlier to $28.7 billion, the customs bureau said. Exports increased 38.1% to $145.5 billion and imports advanced 22.7% to $116.8 billion, the bureau said on its website today. The trade surplus is the biggest since January 2009 and compares with $20 billion in June and $10.63 billion in July 2009.- Bloomberg