MAY 10, 2011
China's Trade Surplus Surprises
By AARON BACK, wsj.com
BEIJING—China's trade surplus swelled dramatically in April, likely adding pressure on Beijing to allow a faster appreciation of the yuan just as U.S. and Chinese officials meet for talks focused partly on contentious issues of trade and currency.
The country's trade surplus widened unexpectedly to $11.4 billion in April from a narrow $139 million in March as import growth slowed and exports powered ahead, data from the General Administration of Customs showed Tuesday.
Market expectations were for a surplus of just $1 billion, according to the median forecast of 14 economists polled earlier by Dow Jones Newswires.
The article continues: http://online.wsj.com/article/SB10001424052748703730804576314150191493390.html?mod=WSJ_hp_MIDDLETopStories
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