China manages to increase trade surplus by 50% to $1 Trillion, while Bush wastes money on war

China Exports Expected to Push $1 Trillion

Source - AP

China manages to increase trade surplus by 50% while Bush wastes money on war

BEIJING (Nov. 10) - The Commerce Ministry said Friday that China's exports are expected to reach $960 billion this year, boosting its politically sensitive trade surplus to about $150 billion, a state news agency reported.

Imports should rise to $810 billion, raising total trade by 20 percent to $1.7 trillion, the ministry said in figures reported by the Xinhua News Agency.

The explosive growth of Chinese exports, already among the world's largest, have strained relations with Washington and other trading partners.

They are demanding that China open its market further to imports and ease controls that they say keep its currency, the yuan, artificially weak, adding to the trade surplus.

China's trade surplus last year was $102 billion.