SteelOrbis Shanghai
On September 11, China's General Administration of Customs announced that the country's foreign trade surplus reached $24.97 billion in August, up 32.8 percent year on year - constituting China's second largest monthly surplus to date.
China's exports for August totaled $111.36 billion, up 22.7 percent year on year. Meanwhile, imports totaled $86.38 billion, up 20.1 percent.
China's highest historical monthly trade surplus was recorded in June this year, with a total of $26.91 billion.
From January to August this year, cumulative exports totaled $765.77 billion, up 27.7 percent over the same period last year; meanwhile, cumulative imports totaled $603.97 billion, up 19.6 percent, resulting in a cumulative trade surplus of $161.8 billion from January to August, i.e. a year on year increase of 70.9 percent.