YUAN POLICY

Chinese 100 yuan banknotes are seen in this picture illustration taken in Shanghai

China’s January trade surplus plummets

China’s trade surplus fell 53.5 percent to $6.45 billion in January, as both exports and imports increased sharply ahead of the Lunar New Year holidays in the country, the General Administration of Customs said on Monday.
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A customer looks at an iPhone 4 at the Apple Store 5th Avenue in New York

iPhones inflate US trade deficit with China

Apple’s iPhone has been widening US trade deficit with China even though it is entirely designed and owned by an American company, says a study.

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