Rising Trade Surplus Stick Saves GDP

FT: China trade surplus reaches $137bn
According to figures published by the General Administration of Customs on Monday, China’s trade surplus was Rmb850bn ($136.7bn) in the second quarter, up from Rmb760bn in the first three months of 2015.

The overall first-half trade surplus, of Rmb1.6tn, was some 150 per cent higher than the same period a year ago.

Surging net exports have provided an important cushion for the Chinese government, which may struggle to reach its gross domestic product growth target of 7 per cent this year. According to a Bloomberg survey of economists, second-quarter GDP is expected to come in at 6.8 per cent, down from the first quarter’s 7 per cent figure.

CNN: China hits bull's-eye again with 7% GDP growth

NBS: China’s Economy Showed Moderate but Steady Growth

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