China's August trade surplus 2nd highest this year |
| The Associated Press - Sep 9, 2010 |
China's August trade surplus was the second highest this year, adding to pressure for Beijing to ease currency controls.
The trade figures released Friday showed that export growth weakened in August but not dramatically. Imports rebounded, in a sign the slowdown in the world's second-largest economy might be less severe than expected.
The surplus — $20 billion in August — will add to mounting demands by Washington and others for Beijing to ease currency controls that they say keep its yuan undervalued and give Chinese exporters an unfair advantage.
American lawmakers set aside criticism as the two governments worked together to ease the global crisis but threats of possible trade sanctions have resumed as they face pressure to create jobs ahead of November elections.
Read Full Article from The Associated Press
- Posted: 2010-09-09 22:15:04
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