China's trade surplus may drop to around $100 billion in 2011, the China Securities Journal quoted a central bank advisor as saying in a Monday report.
Li Daokui, a member of the monetary policy committee of the People's Bank of China, the country's central bank, made the remarks at the 3rd International Business Development Forum held in Beijing on May 14, according to the report.
Li said in the report that the country's trade surplus is likely to decrease to $120 billion or even $100 billion by the end of the year, compared with 2010's trade surplus of $180 billion.
Li said that he expects the proportion of China's trade surplus to its gross domestic product (GDP) to drop below 2 percent this year and suggested that the government should make an effort to reduce the ratio, according to the report.
China's trade surplus rose to $11.43 billion in April after registering a trade deficit of $1.02 billion from January to March this year, the first quarterly trade deficit in six years, according to the General Administration of Customs.
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Li Daokui, a member of the monetary policy committee of the People's Bank of China, the country's central bank, made the remarks at the 3rd International Business Development Forum held in Beijing on May 14, according to the report.
Li said in the report that the country's trade surplus is likely to decrease to $120 billion or even $100 billion by the end of the year, compared with 2010's trade surplus of $180 billion.
Li said that he expects the proportion of China's trade surplus to its gross domestic product (GDP) to drop below 2 percent this year and suggested that the government should make an effort to reduce the ratio, according to the report.
China's trade surplus rose to $11.43 billion in April after registering a trade deficit of $1.02 billion from January to March this year, the first quarterly trade deficit in six years, according to the General Administration of Customs.
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
