China's trade surplus at $16.9bn

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  • xman
    Admin
    • Sep 2006
    • 24007

    China's trade surplus at $16.9bn

    </span> Chinese exports and imports are still increasing but at a slower pace than a month earlier
    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 (&pound;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%.

    This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.


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