China Trade Surplus Falls Sharply to $6.9 billion in March
Last year, China reported a record-high global trade surplus of $177.5 billion. Economists expect the figure to soar past $250 billion in 2008.
The U.S. government announced Monday it would file two WTO cases over Beijing's failure to stop product piracy and complaints it blocks market access for U.S.-produced movies, music and books.
China is one of the world's biggest sources of illegally copied goods ranging from movies, music and designer clothes to sporting goods and medications.