China trade balance in July was a surplus of $31.48 billion. Analysts were expecting a surplus of $27.4 billion. Exports increased 20.4% year-over-year to $175.1 billion, while imports rose 22.9% to $143.6 billion. This is China’s largest surplus since January 2009. Due to the fragile state of the global economy, it is unlikely that China will be able to maintain its strong export growth in the coming months.