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Growth eased to 8.1 percent in the first quarter of this year after Beijing tightened lending and investment curbs. Weak demand from China is unwelcome news for Australia, Brazil and Asian economies that sell it oil, iron ore and industrial components. So far for this year, China's exports have risen nearly 7 percent while imports rose 5 percent, yielding a global surplus for January-April of $19.3 billion. China's exports to the EU fell 2 percent in April, while its imports rose 4 percent, leaving a surplus of $11.6 billion. While the EU's struggles with government debt problems are sapping demand there, China's exports to the U.S. jumped 12 percent, to $28.1 billion. Imports rose just 3.2 percent to $11.3 billion, leaving its politically volatile trade surplus at $16.89 billion. ___ General Administration of Customs of China (in Chinese):
http://www.customs.gov.cn/
[Associated
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