Braving the European debt crisis and increase in the value of Chinese currency, Yuan, China’s exports went up by 43.9 per cent raking up 137.4 billon dollars.
In June, exports were up 43.9 per cent while imports, at 117.37 billion dollars, were up 34.1 per cent on year on year basis, resulting in a total trade value of 254.77 billion dollars, figures by General Administration of Customs (GAC) said.
However, China's trade surplus fell by 42.5 per cent in the first six months this year to 55.3 billion US dollars. In the first half of 2010, exports rose by 35.2 per cent to 705.09 billion dollars while imports were up by 52.7 per cent to 649.79 billion dollars.
China's foreign trade in the first half totalled 1.35 trillion dollars, a year-on-year increase of 43.1 per cent, after the country saw its June exports and overall trade, both scaled record highs.
The June exports increased 4.3 per cent from May and the imports were 4.6 per cent higher than the last month. These were first figures released after the recent marginal appreciation of Yuan by Chinese government following pressure from the United States. The Yuan rose by about 0.78 per cent.
The new export figures also showed that the Chinese exports, the mainstay of the country’s economy, were not hit by European debt crisis as feared.