Widens the trade deficit for China - CNNMoney

In June, China has reported a trade surplus of $ 22.3 billion.

NEW YORK (CNNMoney)--China's trade surplus continues to grow in June, while the plant to export manufacturing sector slowed slightly.

China has a surplus of 22.3 billion in June, up to a surplus of 13.05 billion in may, General Administration of customs of China, said Saturday. A trade surplus occurs when a country's exports are more numerous than its imports.

China is the second largest economy in the world and the partner business number one in the United States.

But as the economic growth of China far exceeded the stagnation of the growth in the United States, it has tried to encourage domestic consumption more and less emphasis on exports.

Surging growth in exports to China, but recently it has slightly slowed. In June, exports totalled 162 billion, an increase of 17.9% year.

That marks a slight slowdown to a growth rate of 19.4% in May.

Meanwhile, imports increased at an annual rate of 19.3%, 139.7 billion in June.

Earlier this month, other government data showed slowed the manufacturing sector of China and new export orders declined in June.

Contrary to American popular belief, the comte exports a very small percentage of the overall economy of China, according to Carl Weinberg, Chief Economist for high frequency economics.

Rather, economic growth in China is more motivated by its rapid modernization, as its rural poor starts in its sprawling cities.

"Their trade balance is quite good darn and is going to remain healthy, but trade is not as important to the economy that we believe it is, he said." With 900 million people left on farms to move to the cities, it is what is happening to stimulate growth. »

China said Friday that in June consumer prices rose 6.4% over last year, mainly to the high prices of pork and other foods.

China should also report its second product domestic crude quarter figures Wednesday. Its economy grew at an annualized rate of 9.7% in the first quarter.

Helena Hong-CNN Beijing contributed to this report

First published: 9 July 2011: 11 pm et