From the FINANCIAL TIMES:
China’s trade surplus narrowed last month, with imports growing much faster than expected though not enough to defuse political pressure on Beijing over the level of its currency.
According to figures released on Friday, the trade surplus was $20.03bn in August, down from $28.7bn a month earlier and short of analysts forecasts. Exports grew 34.4 per cent in August over the year before while imports increased 35.2 per cent…
China abandoned its currency peg against the US dollar in late June. Since then, however, it has allowed only very modest currency appreciation, prompting renewed criticism from Washington…
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