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• China Reports Record High Trade Surplus in August - Editor, 6 October 2008

Authorities in China have revealed that the country’s trade surplus hit a record high of US$28.7 billion in the month of August. According to custom’s data, China’s exports for the month of August amounted to US$134.9 billion, reflecting an increase of 21.1 percent compared with the same period last year, while imports increased by 23.1 percent, reaching a figure of US$106.2 billion. China’s trade surplus with its biggest trading partner the European Union, rose by 25 percent, while its trade surplus with the U.S. increased by 16.6 percent.