China
registers record trade surplus
Beijing: China has registered a record trade surplus
for the third consecutive month, the Chinese government
announced on Thursday. The customs administration said
trade surplus rose to $14.6 billion from $10.4 billion
in July 2005.
July
exports rose 22.6 per cent from a year earlier, to $80.34
billion, while imports rose 19.7 per cent to $65.72 billion,
according to official figures.
For
the first seven months, the surplus came to $76.0 billion,
about 52 per cent more than the total of $50.1 billion
in the same period of 2005. The surplus tripled in all
of 2005 to $102 billion.
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Asian
stocks fall
Singapore: Asian stock markets moved lower on Thursday
after the Bank of Korea raised interest rates. South Korea
raised its key interest rate by a quarter of a percentage
point to 4.5 percent -- a five-year high. Hong Kong stocks
fell 0.32 percent.
Tokyo's
Nikkei average closed the morning session down 0.18 percent.
Oil prices fell and gold also dipped. Analysts said the
stocks fell due to profit taking.
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