trade gap

China should "manage its currency better" for its own economic good and to address the widening trade gap, he said.

Global demand for US exports helped shrink the country's trade gap in April in a strong signal that the economy is picking up speed.

But he says many members may vote in favor of it, because China has not taken enough measures to rein in the trade gap.

That is a more than 70 percent hike from the same period a year ago, and close to the record-high trade gap.

With imports falling faster than exports, the trade gap has been cut in half from a year ago.

Now the United States trade gap has widened to its monthly highest since 2008, helped by a 12 percent rise in Chinese imports.

Most of their efforts to revive demand will tend to widen the trade gap, at least in the short run.

Financial markets, which had expected a $38. 5 billion trade gap, were little moved by the report.

The Treasury Department on Wednesday declined to comment on the U. S. -China trade gap or China's currency policy.

Poor economic data showed China's economy is weaker than hoped, while the U. S. trade gap in June widened unexpectedly to a 21-month high.

The decline was less severe than original projections due to slower liquidation of inventories and the narrowing trade gap.

Finally, the bulk of China's pile of foreign money can be traced back to the Sino-American trade gap.

According to a joint statement, the two leaders also agreed to work on reducing a trade gap that currently favors China.

But analysts say they don't expect the United States trade gap with China to shrink any time soon.

so while booming imports will prevent a narrowing in the trade gap , the drag on growth from net exports may be fading.

Wang writes that the shift into higher margin activities by state owned firms may hold the answer to reducing the trade gap.

As a result, when the U. S. trade report gets released Tuesday, it could show a much narrower trade gap than many economists expect.

A deep recession has been a brutal way to close a trade gap, however.

What helped persuade China was the cultural trade gap.

But analysists say they don't expect the United States trade gap with China to shrink any time soon.

Since then, June inventories and trade gap data have suggested those estimates were off base.

The figures surprised analysts' who on average were expecting the trade gap to remain flat at $36bn, previously a six-year low.

Indeed America's export growth has been much stronger (a sudden surge in imports was behind the second-quarter trade gap).

The U. S. and other countries have long been seeking a stronger Chinese currency in order to narrow the trade gap, with limited success.

Last month's record trade gap was much higher than the average $15bn predicted by economists polled by Reuters and Bloomberg.

Imports rose by $6 billion while exports declined, leading to a $50 billion monthly trade gap: the largest since 2008.

Meanwhile, the US trade gap with China, its most politically sensitive trade partner, edged higher, to $18. 3bn.

Italy has a smaller trade gap but, like Greece, has huge public debt.

If a wider trade gap is driven by consumers and businesses feeling friskier, that is a good sign for the short term.

KEY POINTS: * The trade gap totaled $56. 8 billion, down from a revised estimate of $59. 2 billion in May.

Economists say a change in the exchange rate by itself is unlikely to close the trade gap.

At $19. 5 billion, the monthly trade gap was below $20 billion for the first time since April.

Treasury's decision came as no surprise, even though the U. S. trade gap with China hit a record $273 billion in 2010.

The U. S. trade gap with China is roughly a third of the country's overall trade deficit, which last year hit a record $758. 5 billion.

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