CHINA's foreign trade surplus from January to Julydeclined 20 per cent year on year to US$84 billion,said Commerce Minster Chen Deming at the World
Investment Forum held at Xiamen, reported Xinhua.

Statistics from China Customs show that import and export value in the first seven months reached $1,617 billion with exports worth $850.5 billion, up 35.6 per cent, and imports $766.6 billion, up 47.2 per cent. China has seen a trade surplus in recent years, but with a decreasing margin, and the trade surplus takes up a very small proportion of the GDP, said Mr Chen.  China expects to have a smaller trade surplus by the end of the year. Its trade surplus in 2009 was more than $190 billion, down 34.4 per cent from the $290 billion in 2008.