China trade surplus may continue to reduce during this year

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China trade surplus may continue to reduce during this year

Posted On : Oct-05-2010 | seen (578) times | Article Word Count : 568 |

"China Daily" in English reported on September 11th: analysts said that the trend of China's trade surplus may continue reduce during this year benefit from the solid recovery in domestic demand and the import growth caused by government's stimulation policies .

China Customs the data released by China Customs on September 10 showed that China's trade surplus in August was 20.03 billion U.S. dollars, lower than economists forecast before of widespread 300 billion. Imports amounted to 119.27 billion U.S. dollars, up 35.2%, grew faster than July's 22.7%.

Exports to 139.3 billion U.S. dollars, growth has slowed down, an increase of 34.4%, slowing from 38.1% in July

Analysts said the stronger than expected import growth reflected strong domestic demand growth, but also suggests the trend of the economic slowdown is not severe imagined.

"China's trade surplus will narrow in the coming months to continue, not only because Europe and the United States market demand remained weak, but more importantly because of domestic wage increases, strong consumption and investment in health drive growth in imports,"Moody's analysis of economist Matthew Circosta said.

Customs figures show imports of machinery and electronic products rose 3.8% in month, while imports of commodities and raw materials have slowed in August.

Industrial Securities chief economist Dong Xianan that domestic demand, after bottoming out in July, the recovery trend is already clear, and recovery trend will continue during the year.

The Chinese government has recently introduced policies that will further encourage imports, especially in the high-tech products and equipment to reduce China trade surplus.

In an interview this week, Minister of Commerce Chen Deming said China Daily interview in support of a policy to encourage China's imports will continue to grow, this year's trade surplus will remain at a relatively small manageable.

But while analysts also pointed out that as the economic slowdown abroad, trends and domestic austerity policies are sustained, China exports of Hu Fengxian import still have the down trend (China electronics).

On the other hand, analysts said the shrinking trade surplus will help ease the United States and other trading partners from the RMB appreciation.

U.S. House of Representatives Ways and Means Committee will next Wednesday hold a hearing on the issue of RMB exchange rate will be.The hearing on whether China has achieved in the revaluation of the yuan "substantial progress" to judge.In addition, will also discuss China's exchange rate policy for what policy responses, and determine such policies on the global recovery and job creation of the United States ().

If we know the origin of the Internet is that demand for U.S. military networks; bbs rise, from joint research and timely exchange of information needs; www agreement and support the rise of the web page, from people from the Internet More information needs; blog's rise from the needs of people issued their own statements; sns's growing prosperity, and from the people on the network more and more pressing social needs. With the net speeds faster and faster, the cell phone terminal is more powerful. Mobile Internet reveals the opportunities and temptations are so unable to stop the Internet session.

Gao Shanwen the chief economist of Anxin securities predicted the Chinese yuan will appreciate by 2% this year, and indicated that the upcoming U.S. hearings will not have a material impact on China's exchange rate policy. From:wholesale products

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<h1>China trade surplus may continue to reduce during this year</h1> Author: <a href='http://www.articleseen.com/profile_goodscool.aspx'>goodscool</a> "China Daily" in English reported on September 11th: analysts said that the trend of China's trade surplus may continue reduce during this year benefit from the solid recovery in domestic demand and the import growth caused by government's stimulation policies .

China Customs the data released by China Customs on September 10 showed that China's trade surplus in August was 20.03 billion U.S. dollars, lower than economists forecast before of widespread 300 billion. Imports amounted to 119.27 billion U.S. dollars, up 35.2%, grew faster than July's 22.7%.

Exports to 139.3 billion U.S. dollars, growth has slowed down, an increase of 34.4%, slowing from 38.1% in July

Analysts said the stronger than expected import growth reflected strong domestic demand growth, but also suggests the trend of the economic slowdown is not severe imagined.

"China's trade surplus will narrow in the coming months to continue, not only because Europe and the United States market demand remained weak, but more importantly because of domestic wage increases, strong consumption and investment in health drive growth in imports,"Moody's analysis of economist Matthew Circosta said.

Customs figures show imports of machinery and electronic products rose 3.8% in month, while imports of commodities and raw materials have slowed in August.

Industrial Securities chief economist Dong Xianan that domestic demand, after bottoming out in July, the recovery trend is already clear, and recovery trend will continue during the year.

The Chinese government has recently introduced policies that will further encourage imports, especially in the high-tech products and equipment to reduce China trade surplus.

In an interview this week, Minister of Commerce Chen Deming said China Daily interview in support of a policy to encourage China's imports will continue to grow, this year's trade surplus will remain at a relatively small manageable.

But while analysts also pointed out that as the economic slowdown abroad, trends and domestic austerity policies are sustained, China exports of Hu Fengxian import still have the down trend (China electronics).

On the other hand, analysts said the shrinking trade surplus will help ease the United States and other trading partners from the RMB appreciation.

U.S. House of Representatives Ways and Means Committee will next Wednesday hold a hearing on the issue of RMB exchange rate will be.The hearing on whether China has achieved in the revaluation of the yuan "substantial progress" to judge.In addition, will also discuss China's exchange rate policy for what policy responses, and determine such policies on the global recovery and job creation of the United States ().

If we know the origin of the Internet is that demand for U.S. military networks; bbs rise, from joint research and timely exchange of information needs; www agreement and support the rise of the web page, from people from the Internet More information needs; blog's rise from the needs of people issued their own statements; sns's growing prosperity, and from the people on the network more and more pressing social needs. With the net speeds faster and faster, the cell phone terminal is more powerful. Mobile Internet reveals the opportunities and temptations are so unable to stop the Internet session.

Gao Shanwen the chief economist of Anxin securities predicted the Chinese yuan will appreciate by 2% this year, and indicated that the upcoming U.S. hearings will not have a material impact on China's exchange rate policy. From:wholesale products
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