China's trade surplus grows for fourth straight month

China’s trade surplus grows for fourth straight month

China's trade surplus widened to $9.9 billion in November as exports soared by nearly 46% annually. Imports grew by 38.5% from a year earlier to $51.1 billion while exports reached $60.9 billion with a rise of 45.9%. The rapid and unexpected widening of China's trade surplus could provide opportunity for foreign critics, who want Beijing to ease exchange rate controls on the Chinese currency. The US and other Chinese trading partners say that the government exchange rate policy undervalues Yuan by up to 40%, making Chinese exports unfairly cheap and hurting competitors.