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

   

China's quarterly trade surplus shrinks 10.8%

(Xinhua)
Updated: 2008-04-11 13:51

BEIJING  -- China's trade surplus for the first quarter shrank 10.8 percent from the same period last year as export growth continued to slow, customs figures show.

The trade surplus slid to $41.42 billion in the first three months this year, the China Customs said on Friday.

The slump resulted from weakening outside demand caused by the unfolding US sub-prime crisis, plus the effects of the severe winter weather in the country's south in January and February, said Zhang Yansheng, head of the International Economic Research Institute under the National Development and Reform Commission.

February had seen the surplus sharply down to $8.56 billion. The figure rebounded to 13.4 billion U.S. dollars in March.

A rising yuan was a more significant factor to help narrow the trade gap, said foreign trade expert Zhang Junsheng, of the University of International Business and Economics.

The appreciation has accelerated, with the yuan's central parity rate against the US dollar reaching 6.992 on Thursday and breaking the 7-yuan mark for the first time since the government unpegged it from the dollar in 2005.

"The pace of appreciation was too fast, dealing a heavy blow to small and medium-sized Chinese exporters," said Zhang Yansheng.

Compared with the first quarter last year, Chinese exports rose 21.4 percent to $305.9 billion, 6.4 percentage points lower.

Slowing exports dragged down the U.S. trade deficit with China in February by a monthly 9.6 percent to $18.4 billion as the total deficit rose to $62.3 billion, according to figures released by the US Commerce Department on Thursday.

Major trade partners of China, including the United States have pressed for the yuan's rise, arguing an undervalued yuan made Chinese exports artificially cheap and brought them huge deficits.

Zhang Junsheng forecast the trade surplus would continue to fall in the second quarter, but with a smaller margin, as pressure for a stronger yuan would ease.

"The surplus slump was no surprise," said Zhang Yansheng, noting that China's trade policy adjustments adopted last year had begun to take effect.

The government has curbed exports of certain items by cutting export rebates or imposing export taxes.

Higher costs for exporters amid rising inflationary pressure also contributed to lower export growth, said Zhang Yansheng.

China's consumer price index took the biggest jump in nearly 12 years in February, up 8.7 percent over February last year.

Meanwhile, imports have soared driven by stronger domestic demand. Imports in the first quarter jumped 28.6 percent to $264.5 billion, 10.4 percentage points up from the same period last year.

The value of imported products like crude oil, automobiles and automobile chassis, iron ore sand and soybeans all soared more than 90 percent in the first quarter, customs figures show.

The total trade volume stood at $570.4 billion, a rise of 24.6 percent.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 荡公乱妇蒂芙尼中文字幕 | 99精品国产兔费观看久久99 | 精品久久久中文字幕二区 | 欧美日韩一区二区三区四区在线观看 | 中文字幕一区视频一线 | 人成精品 | 日本特级淫片免费看 | 亚洲欧美在线观看 | 蕾丝视频永久在线入口香蕉 | 中文字幕播放 | 国产成人免费网站在线观看 | 色青青草原桃花久久综合 | 欧美三级网 | 国产精品自拍第一页 | 成人网在线免费观看 | 欧美成年黄网站色视频 | 成人交性视频免费看 | 午夜久久久久久久 | 福利岛国深夜在线 | 日韩色在线 | 亚洲精品国产精品一区二区 | 中文字幕欧美亚洲 | 欧美国产在线视频 | 久久久一本精品99久久精品66 | 国产午夜三区视频在线 | 国产三级国产精品 | 国产在线观看精品一区二区三区91 | 久久伊人热 | 中文字幕高清在线天堂网 | 久草首页在线观看 | 国产美女一区二区在线观看 | 欧美最黄视频 | 国产一区在线播放 | 亚洲第一成年免费网站 | 久久久久久久国产 | 黄色片免费网址 | 亚洲国产精选 | 九九久久精品视频 | 久久精品久久久 | 亚洲天堂男人在线 | 成人亚洲欧美日韩在线 |