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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Haim R. Branisteanu who wrote (7396)	2/8/2004 9:59:20 PM
From: mishedlo	Read Replies (1) of 110194

China trade surplus ca.us.biz.yahoo.com China's trade surplus with the United States rose to $58.61 billion last year from $42.7 billion in 2002, the People's Daily Overseas Edition said on Monday, citing customs figures. The United States says its trade deficit with China is much larger -- hitting $103 billion in 2002 and likely to top $120 billion last year. Chinese exports to the United States, its second-biggest trade partner, rose an annual 32.2 percent in 2003 to $92.47 billion, while imports from the United States rose 24.3 percent to $33.86 billion, the newspaper said. Washington is pressing China to revalue what it says is an artificially cheap yuan currency that is making its products cheap abroad and hurting U.S. manufacturing jobs. China has shrugged off such criticism and vowed to keep the yuan stable, pegged at about 8.28 yuan to the dollar. The central bank on Monday denied a weekend newspaper report that it might let the yuan rise by up to five percent next month.

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