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China’s global trade surplus has increased by 47% in 2007.

This bodes well for China’s economy in a US recession. The trade surplus with the US was up 13% while it was up 46% for the EU.  Some say China’s trade surplus will remain at current levels while others say that it will reach a record high due to China producing more of its own factory equipment and machines rather than importing them.

Total imports to China were up 20.8%.

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