Tuesday, July 10, 2007

China June trade surplus hits record $26.9 bln

(Reuters) - The result, which easily surpassed economists' expectations of a $24.0 billion gap, was much higher than the previous monthly record of $23.8 billion, set last October.




Economists said the surge was largely due to firms seeking to fill orders before July 1, when value-added tax rebates on a swathe of products were either reduced or scrapped.


Read more at Reuters.com Business News

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