www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

2007 trade surplus hits new record - $262.2B

(Xinhua/chinadaily.com.cn)
Updated: 2008-01-11 12:23


Workers walk past containers at the Longtan port in Nanjing, east China's Jiangsu province in this May 25, 2007 photo. China's trade surplus surged 47.7 percent over a year earlier to reach a record $262.2 billion in 2007, the General Administration of Customs said Friday, January 11, 2008. [Agencies]

China's trade surplus surged 47.7 percent over a year earlier to reach a record $262.2 billion in 2007, the General Administration of Customs said Friday.

That was below the US$300 billion figure forecast by some Chinese economists but still represented strong gains. China had made it clear that it is not intentionally pursuing a large trade surplus

Related readings:

 Trade surplus behind China's emission growth: Report
 China's trade surplus rises 13.5% in October
 China tries to balance trade surplus growth
 Trade surplus hits US$185.7b in first 9 months

The administration also pointed out the country's soaring trade surplus eased a bit in the fourth quarter last year, with imports catching up and exports slowing down.

The trade surplus growth was 69.4 percent for the first three quarters of this year and up to 75 percent in 2006.

In 2007, export rose 25.7 percent to $1.22 trillion, and import climbed 20.8 percent to $955.8 billion, the administration said.

The export growth was 1.5 percentage points lower than in 2006, while the import growth posted a gain of 0.9 percentage points.

The December trade surplus was $22.69 billion, down 14.2 percent from the previous month.

The total foreign trade hit a new high of $2.17 trillion last year, up 23.5 percent from a year earlier, according to the administration.

The country's trade surplus for 2006 stood at $177.47 billion.

Yuan Hits New High against Dollar

China's currency, the yuan, hit a new high against the US dollar on Friday, according to China Foreign Exchange Trade System.

The yuan, also known as the Renminbi, reached 7.2672 yuan to one US dollar on Friday, up 133 basis points from the 7.2805 yuan to one dollar on the previous trading day.

This was the fourth time the local currency hit a new record high in the 10 days since the beginning of the new year.

The Chinese currency had appreciated against the greenback by about 12 percent since a new currency regime was imposed in July 2005 to discontinue yuan's peg to the US dollar.

It had climbed 6.9 percent against the dollar last year, but some US critics had said it remained severely undervalued. This gave Chinese exporters an unfair advantage and resulted in the massive trade imbalance between the two countries.

Observers said the yuan's rise would help China reduce its massive trade surplus, mop up excess liquidity and curb inflation.

US Treasury Secretary Henry Paulson recognized last month at the bilateral strategic economic dialogue held in Beijing that "the pace of appreciation has increased over the past year".

China was not against revaluation, but opposed "excessively rapid" appreciation that was inappropriate to its national conditions, Minister of Commerce Chen Deming said last month.

Premier Wen Jiabao said China would improve the yuan's exchange rate mechanism in a controllable and gradual manner, let the market play a bigger role in the mechanism and enhance the currency's flexibility.

He said the exchange rate wasn't the only factor leading to the trade surplus. The appreciation had not forced down Chinese exports because of the world's industrial division of labor and the competitiveness of the country's products.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 成人三级做爰在线观看男女 | 看久久 | 久久成人国产精品免费 | 日韩国产免费一区二区三区 | 精品九九久久 | 亚洲精品久久久久久久福利 | 一区二区三区免费视频观看 | 波多野结衣在线不卡 | 怡红院视频在线 | 国产精品视_精品国产免费 国产精品视频久 | 日韩一品在线播放视频一品免费 | 美女扒开双腿让男人爽透视频 | 欧美大片毛片aaa免费看 | 黄人成a动漫片免费网站 | 亚洲成人免费视频 | 国产精彩视频在线观看 | 国产精品亚洲午夜不卡 | 午夜影院黄色 | 欧美一级在线播放 | 国产女主播在线 | 欧美一级级毛片 | 国产亚洲一区二区手机在线观看 | 黄网站在线播放视频免费观看 | 国产在线观看成人免费视频 | 国产女人成人精品视频 | 国产呦系列 | 亚洲一区 在线播放 | 成人黄色在线观看 | 国产亚洲精品一区二区三区 | 亚洲线精品久久一区二区三区 | 正在播放国产一区 | 国产精品线在线精品 | 国产视频在线免费观看 | 国产韩国精品一区二区三区 | 成人亚洲欧美日韩在线 | 国产欧美一区二区三区久久 | 欧美一区二区视频在线观看 | 深夜国产 | 一级午夜a毛片免费视频 | 亚洲第一中文字幕 | 91久久线看在观草草青青 |