China’s trade surplus rose to a record 28.69 bln usd in August, as exports climbed 21.1 pct from a year ago and imports rose 23.1 pct.

China’s previous record surplus was 27.05 bln usd, recorded in October 2007.

According to the Customs Administration, exports in August totaled 134.87 bln usd, while imports reached 106.18 bln usd.

The trade surplus for the January-August period was down 6.2 pct from a year ago at 151.99 bln usd.

Coal imports in the first eight months were down 18 pct, at 28.68 mln tons.

Iron ore imports stood at 310 mln tons, up 22.6 pct year-on-year.

Soybean imports rose 24 pct to 24.56 mln tons in the first eight months while automobile imports rose 45.2 pct to 282,000 units.

Source: http://www.afxnews.com

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