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China’s Trade Surplus Hits Record

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SHANGHAI, China (Dec 13) – China’s foreign trade totalled more than US$1.2 trillion (€1 trillion) during the first 11 months of 2005, and its trade surplus hit a record US$90.8 billion (€77.6 billion), the government said Monday. Citing Chinese customs statistics, the official Xinhua New Agency said exports from January through November were US$686.5 billion, […]

SHANGHAI, China (Dec 13) – China’s foreign trade totalled more than US$1.2 trillion (€1 trillion) during the first 11 months of 2005, and its trade surplus hit a record US$90.8 billion (€77.6 billion), the government said Monday.

Citing Chinese customs statistics, the official Xinhua New Agency said exports from January through November were US$686.5 billion, while imports amounted to US$595.7 billion, for a total of US$1.28 trillion.

That figure represented a gain of 23.5 % over the same period in 2004, the agency said.

The country’s trade surplus widened to a record US$90.8 billion (€77.6 billion) in the first 11 months of this year.

Trade in November reached US$133.7 billion (€114.3 billion), the year’s highest monthly trade volume to date.

The new trade figures indicate that China’s exports are continuing to surge.

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