Trade surplus to shrink for rest of year

0 CommentsPrint E-mail China Daily, October 14, 2010
Adjust font size:

China's trade surplus will continue to shrink this year despite the fact that the September figure was the lowest since May, economists said.

The surplus reduction will ease pressure from the United States and the European Union on China to appreciate the yuan, they added.

The predicted fall in the surplus is due to China's increased demand for commodities and the rising cost of imports, they said.

The General Administration of Customs announced on Wednesday that China's exports in September grew by 25.1 percent from a year earlier and imports climbed by 24.1 percent, leading to a monthly surplus of $16.88 billion.

The figure is the lowest since May, and well below this year's highest, $28.7 billion in July. Trade surplus in August was $20 billion.

"China's monthly trade surplus will gradually get smaller during the rest of the year, while the economy outperforms most nations and regions worldwide," said Zhu Baoliang, an economist with the State Information Center.

"China's sustained growth will boost imports, but external demand will decrease amid the slow recovery in developed economies."

China has been under intense international pressure over the past few months to allow its currency to rise, due in large part to a trade surplus that peaked in July and has remained above $16 billion since May.

US Treasury Secretary Timothy Geithner on Wednesday criticized China's currency policy and said it had caused global currency market interventions by some economies.

Jean-Claude Juncker, who chairs meetings of the 16-member euro zone's finance ministers, also said recently that the yuan is "more than undervalued".

1   2   Next  


Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 放荡的闷骚娇妻h交换3p| 中文国产成人精品久久不卡| 香港三日本8A三级少妇三级99| 摸进她的内裤里疯狂揉她动图视频| 亚洲男人天堂2022| 青青青亚洲精品国产| 天堂在线免费观看| 亚洲一区二区三区高清视频| 色噜噜亚洲精品中文字幕| 国产精品人成在线播放新网站 | 最新无码a∨在线观看| 啦啦啦资源视频在线完整免费高清| 99国产欧美另类久久久精品| 成人欧美一区二区三区黑人| 亚洲国产成人久久笫一页| 美女网站免费福利视频| 国产精品熟女视频一区二区| 久久99国产精品久久99| 欧美最猛性xxxx| 国产av夜夜欢一区二区三区 | 伊人久久五月天| 精品人体无码一区二区三区| 国产日韩精品欧美一区喷水 | 啦啦啦www播放日本观看| 草草影院国产第一页| 国产又猛又黄又爽| 99re热这里只有精品| 插插插综合视频| 久久久久久福利| 毛片大全在线观看| 人成电影网在线观看免费| 精品国产AV无码一区二区三区| 国产成人免费福利网站| 99re6在线精品视频免费播放| 高嫁肉柳风车动漫| 国产成人精品曰本亚洲78 | 精品四虎免费观看国产高清午夜| 国产一区二区在线视频| www卡一卡二卡三| 波多野吉衣一区二区| 国产精品一区二区三区久久|