China's trade surplus hits $27bn as exports rise

Thursday, November 11, 2010

BEIJING - China's trade surplus in October hit its second highest level this year. Exports rose 22.9% on last year and imports were up 25.3%, despite new data showing China's expansion is easing.

The $27.1bn (£17bn) surplus was up sharply on September's $16.9bn and was just behind the year's high of $28.7bn, reached in July.

The rise may increase criticism in Washington that Beijing is keeping its currency artificially low to boost exports at the expense of competitors.

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