Related News
China's trade grow strongly in Nov
By Wang Yanlin |
December 10, 2010, Friday
|
Online Edition
Online Edition
BOTH China's exports and imports jumped strongly in November, with vibrant domestic demand helping imports grow and making trade surplus lower than a month before.
Exports in China expanded 34.9 percent from a year earlier last month to US$153.3 billion, up from the increase of 22.9 percent in October, the General Administration of Customs said today.
Imports climbed 37.7 percent to US$130.4 billion, beating October's pace of 25.3 percent. Trade surplus in November thus settled at US$22.9 billion, down from US$27.1 billion a month earlier.
"The strong growth showed a solid economic recovery in China despite of increasing uncertainties in Europe and the United States," said Xue Jun, an analyst at the CITIC Securities Co. "However, the authorities should still keep a close eye on external situations, and the crisis in Europe may spread to more countries and disturb China's exports."
Another issue is the trade surplus. Although it retreated from a record-breaking level in October, the pressure exerted by developed countries for a stronger yuan has never rebated.
According to Bloomberg, United States Senate Foreign Relations Committee Chairman John Kerry said this week that the US Congress is growing impatient with China holding down the yuan's value and plans impose legislation "with teeth" next year.
Exports in China expanded 34.9 percent from a year earlier last month to US$153.3 billion, up from the increase of 22.9 percent in October, the General Administration of Customs said today.
Imports climbed 37.7 percent to US$130.4 billion, beating October's pace of 25.3 percent. Trade surplus in November thus settled at US$22.9 billion, down from US$27.1 billion a month earlier.
"The strong growth showed a solid economic recovery in China despite of increasing uncertainties in Europe and the United States," said Xue Jun, an analyst at the CITIC Securities Co. "However, the authorities should still keep a close eye on external situations, and the crisis in Europe may spread to more countries and disturb China's exports."
Another issue is the trade surplus. Although it retreated from a record-breaking level in October, the pressure exerted by developed countries for a stronger yuan has never rebated.
According to Bloomberg, United States Senate Foreign Relations Committee Chairman John Kerry said this week that the US Congress is growing impatient with China holding down the yuan's value and plans impose legislation "with teeth" next year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
