China's current account surplus in
US trade deficit with China in 2005.
China reported a record monthly trade
surplus of $13 billion in May. It brought the total surplus for the
first five months of 2006 to $46.8 billion, up over 50% from $30
billion for the same period in 2004. Exports reached $73.1 billion
in May and imports increased to $60.1 billion.
Last week US reported total April
exports of $115.7 billion and imports of $179.1 billion, resulting
in a goods and services deficit of $63.4 billion. US trade deficit
with China increased to $17 billion in April.
Strong exports helped drive China's
10.3% GDP growth in the first quarter.