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China's trade surplus hit 19-point-five billion dollars in
January, an increase of more than 22 percent from a year ago.China's official
Xinhua news service says January's figures were down compared to the previous
month's surplus of 22-point-seven billion dollars. China hit a record
262-point-five billion dollar trade surplus in 2007. China's growing trade
surplus has been a point of contention with both the United States and the
European Union.
China's major trading partners accuse Beijing of manipulating
its currency, to keep its value low and give Chinese products an unfair price
advantage on world markets. China has allowed its currency's value to rise,
but not enough to stop the growing surplus.
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