New trade figures could ease yuan pressure
By Ding Qingfen | China Daily | Updated: 2010-02-11 07:52
Growing domestic consumption and the international balance of payment have led to a rise in the country's latest imports and a drop in trade surplus, which analysts say will likely ease pressure on yuan appreciation.
Imports in January skyrocketed by 85.5 percent from a year earlier, when companies were left idle for the weeklong Spring Festival holiday, customs figures showed.
The Chinese New Year celebration this year starts this month.
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