China's trade surplus has narrowed for a third straight year as demand for its products weakened in the US and Europe. Commerce Minister Chen Deming said the surplus was around $160bn (£103bn) in 2011. That compares with a record of $295bn in 2008. China has warned that its export growth will come under more pressure this year as US and European economic problems persist. The government has been trying to boost domestic demand as a result.
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January 06, 2012
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