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BBC News - China's trade surplus falls to $16.9bn

The gap between China's imports and exports narrowed in September, official data has shown.

But analysts say the decline is unlikely to ease the pressure on Beijing to strengthen its currency.

The US has been among its strongest critics, claiming China deliberately undervalues the yuan, boosting China's exports by making them cheap.

China's trade surplus fell to a five-month low of $16.9bn (£10.7bn), down from $20bn in August.

Exports rose 25.1% year-on-year in September to $145bn, but the pace of growth was slower than the 34.4% growth seen in August.

Imports rose 24.1% year-on-year to a record high of $128.1bn, compared with August's growth of 35.2%.

by Nomad on Wed Oct 13th, 2010 at 03:53:27 PM EST
[ Parent ]
... narrowed?

Exports rose 25.1% year-on-year
Imports rose 24.1% year-on-year

Mind-boggling numbers eh?

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Thu Oct 14th, 2010 at 04:38:13 AM EST
[ Parent ]
Yes; bindmoggling.

So, essentially, the unstated lead should have been, prices to the consumer are a lot lower because China hasn't revalued as fast as the criminal financiers want them to. (Because, China has been revaluing for the last couple years...just not as drastically as 'they' want.)

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Thu Oct 14th, 2010 at 07:21:12 AM EST
[ Parent ]


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