China’s trade surplus fell in January because of soaring import demand, easing pressure on Beijing ahead of the G20 summit in Paris later this week.
The trade surplus fell from $13.1bn in December to $6.5bn last month, the lowest surplus in nine months, as a result of stronger-than-expected imports.
A smaller trade surplus may reduce the pressure from the US to hasten the appreciation of China’s currency, the renminbi.
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