(Bloomberg) -- China's trade surplus soared to a
record $26.9 billion in June, outpacing economists' estimates
and supplying extra ammunition for U.S. lawmakers threatening
sanctions unless the yuan appreciates faster.
The surplus almost doubled from a year earlier after
exporters rushed to beat cuts to export tax rebates. The median
estimate of 15 economists surveyed by Bloomberg News was for a
$23.8 billion trade gap. The customs bureau released the figures
on its Web site.
Read more at Bloomberg Emerging Markets News
record $26.9 billion in June, outpacing economists' estimates
and supplying extra ammunition for U.S. lawmakers threatening
sanctions unless the yuan appreciates faster.
The surplus almost doubled from a year earlier after
exporters rushed to beat cuts to export tax rebates. The median
estimate of 15 economists surveyed by Bloomberg News was for a
$23.8 billion trade gap. The customs bureau released the figures
on its Web site.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment