China’s Trade Surplus Overshadows Talks – Richard McGregor

From Financial Times:

China’s trade surplus grew in April, setting the scene for a tense meeting in Washington this month aimed at tackling bilateral disputes.

China recorded a surplus of $16.9bn, more than double that of March, Beijing announced on Friday. For the first four months of the year, the surplus reached $63.3bn, 88 per cent higher than for the same period in 2006.

More important than the monthly figure is the continued acceleration of the trend of the past two years, in which exports have outpaced imports with China’s main trading partners, the US and Europe, by a significant margin.[Full Text]

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