[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 10 July 2006, 09:43 GMT 10:43 UK
China trade surplus hits record
Yuan
China's trade surplus continues to grow
China's trade surplus with the rest of the world hit a record $14.5bn in June, beating the previous month's record of $13bn and beating analysts' forecasts.

The figures will fuel the debate over whether China's currency, the yuan, is kept artificially low to boost exports.

Exports were up by 23.3% from June last year, while imports rose by 18.9%.

US politicians and businessmen have often criticised the US-China trade imbalance, which hit $202bn in 2005.

Soaring surplus

The figures came from the Commerce Ministry, which has warned Chinese firms to be wary of the antagonism caused in the West by the growing strength of China's economy.

In January the Ministry told companies to keep a low profile when buying businesses in the West and said too much publicity could add to the price of an acquisition, creating what it called the "China Premium."

Song Guoqing, an economist at the Chinese stock exchange predicted that the surplus would continue to grow throughout 2006.

Such a trend could increase the pressure for protectionist measures in the US, where China's trade surplus has been blamed for the loss of manufacturing jobs.


SEE ALSO
China set to be largest economy
22 May 06 |  Business
What is America's China problem?
20 Apr 06 |  Business
Chinese firms told to be low-key
13 Jan 06 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific