Chinese trade went up 24.5 points in January-July

China reported that its trading activity showed a year-to-year growth of 24.5 percent during the first seven months of the year and recovery continued to go up, supported by exports.

According to the General Administration of Customs, the total volume of foreign trade between last January and July was of 21.34 billion yuan (3.3 billion dollars).

In detail, exports rose 24.5 percent, imports 24.4, and the surplus increased 24.8 percent.

In July alone, China’s trade with the rest of the world increased 11.5 percent year-on-year and totaled 3.27 billion yuan (506 million dollars).

Although data is positive, it is a setback compared to June, when these activities moved up 22 points.

China closed the first half of this year with an expansion of 27.1 percent in trade and 12.7 percent in Gross Domestic Product (GDP).

Chinese authorities foresee a greater recovery and even a growth above the six points target in GDP in 2021, because more and more companies have stabilized operations.

In addition, they plan to strengthen the domestic market and alliances with friendly countries and regions as an alternative to overcome US sanctions and the global crisis derived from the pandemic.

However, the current outbreak of Covid-19 forced to half-stop socioeconomic life in much of the territory and could affect projections for the rest of the year.