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Surplus in trade hits US$3.13b

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China's trade surplus was US$3.13 billion last month, the year's highest.

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China News Services, without providing a specific figure, said this was despite a drop in the total foreign trade value.

In the first nine months, the trade surplus was $8.13 billion, as its total foreign trade reached $199.93 billion, up 1.1 per cent from a year ago.

In the period to September, exports fell 2.7 per cent to $104.03 billion, while the imports rose 5.8 per cent to $95.9 billion.

In the first eight months, China's trade surplus was $4.99 billion, as exports slid 4.2 per cent from a year ago and imports rose 7.9 per cent.

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China has recorded negative monthly export growth since November last year after Beijing twice cut tax rebates on exports but it has rebounded since June.

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