Chinese trade surplus unexpectedly fell sharply on the decline of exports.

China's foreign trade surplus up in August was significantly below expectations. As reported by the official statistical office, export exceeded imports by 20.0 billion dollars, while a month earlier, these figures were 28.7 billion from this month expecting a small decline to 27 billion by the fact it turned out that exports have lost last month, decreased by 4,2%. Concurrently, imports increased by 2,1%. These data were used by official bureaucrats, to show that there is no need at present to strengthen the yuan. Yesterday, the political struggle in Japan, are also reflected in China. Finance Minister Noda quite unexpectedly suggested that the increase in government bond purchases by the People's Bank of China has contributed more expensive yen. Although China has bought the Japanese government bond to a 27 billion dollars, which is ten times less than the daily turnover of currency market of the country and less than two tenths of a percent of the total national debt.

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