China’s trade surplus reaches record high in August

12 September 2006

Beijing, China, 12 Sept – China posted a record trade surplus in August for the fourth consecutive month, of US$18.8 billion, official Chinese news agency New China reported, citing customs sources.

If the figure is confirmed, China’s trade surplus for the first eight months of 2006 will have totaled US$95.7 billion, according to New China.

In the first half of the year, China’s trade surplus was US$61.45 billion, a rise of 54.9 percent against the same period of last year.

Due to friction with its Western trading partners, China’s trade surplus posted record highs in May, June and July (US$13 billion, US$14.5 billion and US$14.61 billion, respectively.). (macauhub)