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China trade surplus up on exports
China’s trade surplus in June topped expectations on surprising strength in exports that suggests the global economic recovery has remained on track despite worries about a fresh slowdown. Chinese exports in June rose 43.9 per cent from a year earlier, beating forecasts of a 38 per cent rise, the customs administration said at the weekend. Imports rose 34.1 per cent year on year, in line with projections. That left China with a trade surplus of $20bn (£13.3bn), its largest in nine months.