China’s trade surplus rose to US$28.73 billion in July as exports rose 38.1% year-on-year and imports grew 22.7%, Bloomberg reported, citing state media. The surplus, the largest since January 2009, compares with a US$20 billion surplus in June and a US$10.63 billion surplus in July last year. The rise in exports was lower than the 43.9% increase recorded in June. The strong surplus could lead to renewed calls from China’s trading partners for more significant revaluation of the renminbi, although Beijing has argued repeatedly that China’s trade surpluses are not caused by the country’s exchange rate policy.