CRI听力:China's Export Beats Forecast, Surplus Reaches New High

China is to release readings on its economy for last month on Saturday, with an early report on the export and import published today.

New data shows China's export is stronger than expected last month due to recovering external demand.

The monthly trade surplus has also hit an all-time high, up 50 percent from June.

The new customs data show exports surged some 15 percent from last year.

The growth rate has also doubled from the 7-percent rise seen in June.

But imports dropped one and a half percent.

China's customs authority also reveals China's trade volume rose 7 percent in July year on year.

HSBC China's economist Qu Hongbin attributes the strong figures to further recovery in external demands.

Zheng Yuesheng, the head of statistics division with General Administration of Customs, also shares similar opinions.

"China's foreign trade in July kept a positive trend with a double-digit growth. It reflects an improvement of external demand, and it also shows that the country's policies and measures to support foreign trade is starting to take effect."

But there are concerns that the rise will not sustain.

Media reports suggest the spurt comes after delayed shipments caused by recent volatility in yuan.

For more on this, Ding Lulu spoke with Cao Can, CRI's financial commentator.