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The surplus of supply in Europe forced sellers to fight for buyers.
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China accounts for 200 million tonnes of the surplus capacity, he said.
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The surplus is a 36 per cent increase on the previous year.
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The fact is, however, that we simply have been surplus to requirement.
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Any surplus from speed awareness courses goes right back into road safety.
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Village life, with its limited area and still more limited resources, has little economicsurplus upon which parasitism can feed.
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A 119 billion pound limit on totalwelfare spending also has a political edge.
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Chancellor George Osborne has said a new cap on totalwelfare spending will be introduced from next year.
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Millions of public sector workers will lose automatic annual pay increases and there will be a cap on totalwelfare spending.
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He also announced a cap on totalwelfare spending and axed winter fuel payments for expatriate pensioners in hot countries from 2015.
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This will be supplemented by an additional £47 million from the European Social Fund, bringing the totalwelfare-to-workpackage to £416 million.
Usage of total surplus in English
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Such a one might base his conclusions on Germany's totalsurplus of annual productivity as distinct from her export surplus.
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Overall, the totalsurplus at June 2014 was € 194 million, which is similar to June 2013.
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The totalsurplus from federal, state and local governments and its social security system was 18 billion euros in 2014.
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ISMA put the totalsurplus at about 2.5 million tonnes and said the incentive should apply to another 1.0-1.5 million tonnes.
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In 2010, China ran a $181 billion bilateral surplus with the United States, and a totalsurplus of $183 billion.
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Some €55.4 million of totalsurplus was generated from day-to-day operations, and the remainder arose from the release of funds from the company's risk reserves.