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Copyright © International Chamber of Commerce (ICC). All rights reserved. ( Source of the document: ICC Digital Library )
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Reuters reports that Chinese exports and imports grew faster than expected in February, reinforcing the case for a rise in the yuan to head off inflation. Exports jumped 45.7 per cent in February from a year earlier, following a 21.0 percent rise in January, while imports surged 44.7 per cent. Some experts believe exports could surge around 30 per cent in 2010, which would add inflationary pressure to the domestic economy.