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China's trade surplus surplus slows by 2017

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rocky
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China's trade surplus surplus slows by 2017

Post by rocky on Fri Jan 12, 2018 6:06 am

China's trade surplus surplus slows by 2017
 12 January 2018 10:24 p
[rtl] China's trade surplus surplus slowed in 2017, with imports rising above export growth, but the trade balance surplus with the US hit a record high.[/rtl]
[rtl] 
The balance of trade balance for the world's second-largest economy reached 2.87 trillion yuan ($ 422.5 billion) in 2017, according to data released by the Customs Administration of China on Friday.
 
China's yuan-denominated import exports rose by 10.8 percent and 18.7 percent, respectively.
 
As for their exports and imports in US dollars, they saw a rise of 7.9% and 15.9%, respectively.
 
China posted a trade surplus with the United States last year of $ 275.8 billion, the highest level ever, and $ 250.7 billion in 2017.
 
By 7:20 am (GMT), the yuan was up 0.5 percent at $ 6.4724.


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