Guangdong province leads China’s foreign trade by realizing 277.1 billion U.S. dollars in foreign trade in the first seven months of this year, People’s Daily reported. The trade volume reached a year-on-year increase of 24.1 percent. The private sector recorded a fast foreign-trade growth. Between January and July, the sector's import and export volume went up 43.5 percent over the year-earlier level to 38.36 billion U.S. dollars, said the paper.