BEIJING — In August, China saw a 4 percent year-on-year growth in its international trade of goods and services, with the total reaching approximately 4.18 trillion yuan, according to the latest official data.
According to Namibia Press Agency, the figures released on Friday by the State Administration of Foreign Exchange reveal that in U.S. dollar terms, China’s exports of goods and services stood at 322.4 billion dollars, and imports were valued at 263.5 billion dollars. This activity resulted in a trade surplus of 58.9 billion dollars for the month. The detailed breakdown shows that the export value of goods neared 2.07 trillion yuan, while imports of goods were about 1.5 trillion yuan, leading to a surplus of 572.4 billion yuan in goods alone. On the services front, however, there was a deficit: exports of services were valued at 230.8 billion yuan against imports of 383 billion yuan, creating a service trade deficit of 152.2 billion yuan.
