(MENAFN) Official data showed that China's foreign trade dropped 7.3 percent in the first seven months of the year compared to the same period a year ago, reaching USD2.23 trillion.
According to the General Administration of Customs (GAC), exports edged down by 0.9 percent from a year ago to USD1.24 trillion, while imports slumped by 14.6 percent to USD945.38 billion.
Meanwhile, the world's second-largest economy's trade surplus doubled to hit USD300.66 billion in the January-July period. The trade surplus in July dropped 10 percent to USD42.28 billion.
In July, foreign trade declined by 8.8 percent on-year to USD340.85 billion, with exports declining by 8.9 percent to USD191.33 billion and imports dropping 8.6 percent to USD149.55 billion.
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