China says January trade surplus up 7.7 percent to $29.2B

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BEIJING–China’s trade surplus increased 7.7 percent year-on-year to $29.2 billion in January, the General Administration of Customs said Friday.

Exports jumped 25.0 percent to $187.4 billion while imports rose 28.8 percent to $158.2 billion, it said in a statement, but noted there were more working days last month than in January 2012, due to the timing of the Lunar New Year.

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  • mamamiamia

    Caution mga amiga!  Read well and be well informed.  Do your due diligence!

  • ApoLapullapu

    We must produce and export more to China to create a trade balance.  If we import more while exporting less, we will soon become the next economic slave of China. Our agricultural sector cannot even produce enough banana chips for the Chinese consumers!

  • upupperclassman

    While Japan is manipulating its currency to make it cheaper relative to US$, it is foolish for Philippines to allow revaluation of Pesos.

  • parefrank

    China is not so stupid to “boost” its economy by overvaluing its currency. The same Japan and othereconomic leaders. Only RP is boosting investments, tourism and exports by making it more and more expensive. That is if graduated economists are at the helm. Getting the OFW remittances is more important, so let the speculators and hot money rule the economy.

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