China recorded a smaller trade surplus than expected in December as export growth slowed and imports to feed the booming domestic economy surged ahead.
The country’s trade surplus in December was $13.1bn, well below economists’ predictions and November’s $22.9bn, according to Chinese customs data.
The smaller surplus will relieve some of the pressure from Washington for Beijing to raise the value of its currency and do more to address global trade imbalances ahead of Chinese President Hu Jintao’s state visit to the US next week.
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