China exports leap 46 percent in February

interns Contributor
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China’s exports rose 46 percent in February from a year earlier, beating expectations and setting the stage for more calls to increase the value of the Chinese currency, analysts say.

The figure, which was announced Wednesday, was underpinned by a bounce back in demand from the United States, the European Union and Japan.

Trade tensions have mounted over China’s artificially low currency, the renmenbi. Competing exporters say it gives China an unfair advantage at a time when the rest of the globe is still seeking to recover from the financial crisis.

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