July 11 (Bloomberg) — China's foreign-exchange reserves, the world's largest, climbed to a record $1. China's trade surplus surged to a record in June, adding to export earnings that are driving up the currency reserves and complicating efforts to prevent the economy from overheating. China's trade surplus surged 87 percent from a year earlier to a record $26. The People's Bank of China limits gains in the yuan by printing money to convert the foreign currencies that exporters derive from overseas sales. read more
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