China's trade surplus might go down to about $100 billion this year, and the country should keep reducing the percentage of GDP made up by trade, China Securities Journal cited Li Daokui, an adviser to the Chinese central bank's monetary policy committee, as saying.
Li said on Saturday that China's trade surplus could decrease from $180 billion last year to $120 billion this year, or even $100 billion, down 44 percent year-on-year. At the same time, the percentage that trade surplus makes up of GDP will fall to less than 2 percent.
The economist also suggested that China gradually reduce the proportion of trade surplus in GDP.
Weekly review May 12 No winners in U.S. hi-tech export controls May 12 China should view livelihood issues from strategic perspective May 11 Syria will not be another Libya May 06 Beijing-Shanghai high-speed railway to launch 10-day trial run May 14 The week in pictures May 11 2000-year-old wine unearthed in Henan province May 11 Scientist: China plans to build lunar research base May 09 Apple employee, customer reach settlement after Beijing iPad brawl May 12 Wenchuan Reconstruction: 'Chinese miracle' impresses world May 12 No winners in U.S. hi-tech export controls
Li said on Saturday that China's trade surplus could decrease from $180 billion last year to $120 billion this year, or even $100 billion, down 44 percent year-on-year. At the same time, the percentage that trade surplus makes up of GDP will fall to less than 2 percent.
The economist also suggested that China gradually reduce the proportion of trade surplus in GDP.
Weekly review May 12 No winners in U.S. hi-tech export controls May 12 China should view livelihood issues from strategic perspective May 11 Syria will not be another Libya May 06 Beijing-Shanghai high-speed railway to launch 10-day trial run May 14 The week in pictures May 11 2000-year-old wine unearthed in Henan province May 11 Scientist: China plans to build lunar research base May 09 Apple employee, customer reach settlement after Beijing iPad brawl May 12 Wenchuan Reconstruction: 'Chinese miracle' impresses world May 12 No winners in U.S. hi-tech export controls
