Others News
- Trade surplus with EU reaches $13.9b
Date: 13-Nov-2007 Sources: (Shenzhen Daily)
CHINA'S trade surplus with the European Union widened to US$13.9 billion in October from US$12.5 billion in September, ratcheting up pressure on the Chinese Government ahead of a summit with the EU later this month.
Customs data released yesterday showed China's exports to the 27-nation bloc grew by 30.7 percent from a year earlier, in line with September's 30.8 percent increase.
Growth in imports from the EU slowed to 21.0 percent, from September's 21.7 percent.
The EU's deficit is pulling closer to that of the United States, which imported US$15.4 billion more from China than it exported in October. The bilateral U.S. deficit in September was US$15.35 billion.
China's imports from the United States grew by 16.3 percent from a year earlier in October, outpacing exports at 15.5 percent, the customs administration said on its Web site.
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