China's trade surplus reaches record

Note: This section contains information in English only.
Source: Bloomberg
The Chinese trade surplus was larger than forecast at $47.3 billion as there now is more reason to believe that the growth target of 7.5% will be reached. This surplus number was the largest for a month since November 2008 and the data also showed a substantial increase in exports to EU at 17% and US at 12.3%. If the central bank does not intervene the Yuan is expected to appreciate due to the report.

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