China Experiences Massive Trade Surplus Increase
February 12th, 2007 by Chris
January saw an incredible trade surplus increase of 67 percent on last January’s trade surplus for China. Last month China had a trade surplus of 15.9 billion dollars compared to 9.5 billion dollars in January the previous year. Total trade surplus for China in 2006 reached a record 177.37 billion dollars, an increase of 74 percent from 2005. China does not allow its currency to be traded as freely as would be hoped, which undervalues it. The low value of the yuan has been blamed for the cheap and therefore high exports of China by the west.