Trade surplus plunges, easing pressure on yuan
By Ding Qingfen | China Daily | Updated: 2010-05-11 07:51
Exports 'to gear up in 2nd half'
BEIJING - China's trade surplus nosedived 87 percent from a year earlier to $1.68 billion in April, a drop analysts said will ease the pressure on revaluation of the yuan.
Exports surged 31 percent to $119.9 billion while imports soared 50 percent to $118.2 billion. Total trade volume grew 39 percent to $238.2 billion.
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