Wednesday, May 9, 2007

China's Trade Surplus Likely Widened, Stoking Calls for Yuan Appreciation

(Bloomberg) -- China's trade surplus probably widened in April, adding fuel to U.S. demands for faster appreciation of the yuan before policy makers of the two nations meet this month.

The gap climbed to $15 billion from $10.4 billion in April last year and from $6.9 billion in March, according to the median estimate of 18 economists surveyed by Bloomberg News. That would bring the surplus for the first four months to $61.4 billion, up 82 percent from the same period last year. The figures will be released as early as today.


Read more at Bloomberg Emerging Markets News

No comments: