China's Trade Growth Slows Further in June

By: AP
By: AP

BEIJING (AP) -- China's trade growth slowed further in June as
its economy cooled, and the country's global trade surplus widened
to $22.2 billion.

Customs data Sunday showed import growth slowed sharply, falling
to 19.3 percent over a year ago from May's 28.4 percent.

Export growth also declined, though the customs agency said total exports hit a new monthly record.

China's rapid trade growth has eased in recent months as global
demand was hurt by Europe's debt crisis and a sluggish U.S.

Beijing also is trying to rein in the rapid growth of its own economy, which has cooled Chinese demand for imports.

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