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  • China June trade surplus swells five-fold

    07/11/2005 7:27:02 AM PDT · by jpsb · 384 replies · 6,902+ views
    Reuters ^ | Reuters
    BEIJING (Reuters) - China's trade surplus for June swelled five-fold from a year earlier as exports grew much faster than imports, offering more ammunition for foreign critics who argue that Beijing should let the yuan rise in value. The June surplus grew to $9.68 billion, exceeding forecasts of $8.0 billion and towering above the $1.8 billion surplus recorded for June 2004.