MNeagle
9th March 2011, 08:27 PM
China has reported a surprise trade deficit in February after exports slowed down.
Shipments grew at a weaker-than-expected 2.4% in February from the same month a year ago, latest figures show.
Imports on the other hand increased by 19.4%, resulting in a trade deficit of $7.3bn (£4.5bn).
The news comes at a time when China has been facing criticism over its export-led growth policy.
The US and other developed nations have accused China of keeping the value of its currency, the yuan, artificially low to boost foreign sales.
http://www.bbc.co.uk/news/business-12688877
Shipments grew at a weaker-than-expected 2.4% in February from the same month a year ago, latest figures show.
Imports on the other hand increased by 19.4%, resulting in a trade deficit of $7.3bn (£4.5bn).
The news comes at a time when China has been facing criticism over its export-led growth policy.
The US and other developed nations have accused China of keeping the value of its currency, the yuan, artificially low to boost foreign sales.
http://www.bbc.co.uk/news/business-12688877