China’s trade surplus ‘to fall’ – BBC
China’s economy will grow at 9.2% this year and will become less reliant on exports, according to the World Bank.
The bank’s quarterly update said China’s politically sensitive trade surplus, which tripled to $102bn (¬£58bn) in 2005, had peaked.
China has been accused of undervaluing its currency, the yuan, in order to gain an unfair trade advantage.
But the bank said rising domestic investment and consumption led Chinese imports to outpace exports in December.
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