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Last year, China's trade surplus may be flat in 2009

Last year, China's trade surplus may be flat in 2009

Write: Vallis [2011-05-20]

Ministry of Commerce official who declined to be named, 5, said China's trade surplus in 2010 just over 190 billion U.S. dollars, influenced by the holidays, December's trade surplus more than 11 months.

Customs data show that 11 months of 2010, China's trade surplus declined by 3.9% a year earlier, to 1,700 billion U.S. dollars, November trade surplus of 229 billion U.S. dollars. November 2010 China's exports grew 34.9%, far higher than expected, but also much higher than exports in October increased 22.

9%. At the same time, 11 months of import growth is also much higher than expected, reaching 37.7% year on year, 10 months increased by 25.3%. Strong growth in both exports and imports case, in November's trade surplus reached a high of 22.9 billion, ranking the list of the largest ever trade surplus.

The first 10 months, China's import and export value of $ 2,393,410,000,000, up 36.3% over last year, import and export scale has exceeded last year's level. Among them, the export of $ 1,270,590,000,000, up 32.7%; import $ 1,122,820,000,000, up 40.5%; trade surplus was 147.77 billion U.S. dollars, decreased by 6.7%. 2009 trade surplus was 196.07 billion U.S. dollars, do the same calculation, in 2010 and 2009 in the trade surplus on the flat.

From the perspective of sound development of the national economy, the future, China will pursue trade balance, but this balance is not reduced export, but strive to achieve balance by increasing imports.