Export Data News
- Trade surplus may hit US$275b
Date: 17-Aug-2007 Sources: (Shenzhen Daily)
CHINA'S trade surplus may swell this year to US$275 billion from US$177.5 billion in 2006, according to the State Information Center.
Fan Jianping, head of the center's economic forecasting department, said the surplus would rise mainly because of strong global demand. In an article in the Shanghai Securities News, Fan attributed the 83 percent rise in the surplus, to US$112.5 billion in the first six months, to front-loading of exports ahead of expected tax changes and to an inadequate pace of yuan appreciation. For the full year, he forecast that exports would rise 26 percent to US$1.22 trillion, with imports up 19.5 percent to US$946 billion.
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