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GREATER CHINA DAYBOOK: China Trade Surplus; U.S.’s Gates Visits

China may today report a $20.8 billion trade surplus for December, adding to pressure for yuan appreciation days before Presidents Hu Jintao and Barack Obama meet to discuss issues including global economic imbalances.

The surplus will exceed $20 billion for the sixth time in seven months, taking the full-year total to $191 billion, according to the median estimate in a Bloomberg News survey of 20 analysts. The customs bureau will release the data in Beijing today.