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China’s economy speeds up again… worldwide trade to benefit?
China has reported better-than-expected trade surplus figures, reversing recent forecasts and easing fears that a slowdown in Chinese trade would slow down a recovery in the wider world economy.
China’s trade surplus rose to $31.9bn (£19.4bn) last month. The figure increased 14% over the year and was substantially higher than the $23.7bn (£14.3bn) surplus forecast. Both imports and exports rose by around 10%. As a result of these figures several experts have predicted that China will become the world’s largest importer this year, ahead of the US. (It is already the world’s largest exporter.)