Im/Ex in July,2010: Biggest Trade Surplus in a Year and a Half

O n August 10， 2010， General Administration of Customs of the Peopie's Republic of China (GAC) released the profile of China foreign trade import and export in July and the first seven months of this year. China's trade surplus for July widened to its highest level in a year and a half， likely adding to the pressure on Beijing to allow faster yuan appreciation. A sharp slowdown in import growth sent China's trade surplus to US$28.7 billion in July from US$20.02 billion in June， far surpassing expectations of economists. July's surplus was the highest since January 2009， when it was US$39.11 biliion.