China International Political Economy

The China trade surplus fell 12 percent in the first six months of 2008 according to AFP.

In June alone, the China trade surplus fell to $21.35 billion; a 20.7 percent decline to shrink for the first time in five years.

The key drivers of the shrinking China trade surplus in June are a depreciating Yuan and weaker exports similar to that in May. See China Trade Surplus Drops