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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.

New trade figures could ease yuan pressure

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