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Export growth in January-February was 6.9 percent, while import growth was 7.7 percent. China's trade surplus with the 27-nation European Union, its biggest trading partner, fell 15 percent to $8.1 billion, reflecting the continent's weak demand as it struggles with government debt problems. The politically volatile trade surplus with the United States expanded by 28 percent to $16.6 billion. Chinese imports of crude oil, soybeans and other basic commodities rose in a sign of continued consumer demand. But purchases of metals and other industrial materials were off as manufacturers responded to lower foreign orders by cutting purchases. Imports of rubber were down 26.4 percent from a year earlier and raw steel down 24.8 percent. ___ Online: General Administration of Customs of China (in Chinese):
http://www.customs.gov.cn/
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