Wednesday, June 6, 2007

China's Trade Surplus May Stoke U.S. Tension Over Yuan, Dangerous Exports

(Bloomberg) -- China's trade surplus probably grew
50 percent in May from a year earlier, fueling tension with the
U.S. over claims that the yuan is undervalued.

The gap swelled to $19.5 billion from $13 billion a year
earlier, according to the median estimate of 18 economists
surveyed by Bloomberg News. That would bring the surplus for the
first five months to $82.8 billion, up 78 percent from the same
period a year earlier.


Read more at Bloomberg Emerging Markets News

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