Trade surplus plunges, easing pressure on yuan

Exports 'to gear up in 2nd half'

BEIJING - China's trade surplus nosedived 87 percent from a year earlier to $1.68 billion in April, a drop analysts said will ease the pressure on revaluation of the yuan.

Exports surged 31 percent to $119.9 billion while imports soared 50 percent to $118.2 billion. Total trade volume grew 39 percent to $238.2 billion.