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Latest Business News

China's April Trade Surplus Nearly $17B

Friday, May 11, 2007 3:11:27 PM
By JOE McDONALD

A Chinese worker sorts threads at a textile factory in Hefei, eastern China's Anhui province, Thursday, May 10, 2007. U.S. lawmakers are discussing possible measures to impose punitive tariffs on imports of Chinese goods amid rising U.S. anger at China's ballooning trade surplus. (AP Photo) BEIJING (AP) - China's monthly trade surplus more than doubled in April to nearly $17 billion, the government said Friday, adding to pressure on Beijing ahead of closely watched talks with Washington on its swollen trade gap.

The April trade gap of $16.88 billion was below February's $23.7 billion — the second-highest level on record — but in line with steady increases in monthly trade surpluses over the past year.

Chinese and U.S. trade envoys are due to meet May 23-24 in Washington for talks on Beijing's surpluses, currency controls, product piracy and other contentious issues.


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