April, China's trade surplus, rising to 87%

Tuesday, May 11, 2010 - 16:41 PM

Reporting BEIJING - again I'll break the news about the economy, the Government of China declared a trade surplus in April jumped 87 percent over the previous year. These data indicate the wide gap between China's exports and imports of raw materials.

Xinhua news agency reported, China's trade surplus in April 2010 reached USD1, 68 billion, far better than the deficit of $ 7, 2 billion in the previous month. Was obtained after the April trade surplus Domestic exports increased 31 percent compared to Panda same period a USD119 previous, 92 billion. While imports rose 50 percent to USD118, 24 per cent. Previously, analysts expect China's exports rose 29.1 percent and imports 52.3 percent.

If calculated over the period from January to April 2010, China's trade surplus totaled USD16, 1 billion, down 79 percent over the same period last year.

Analysts said China's export growth to Asia is an anomaly from its dependence on Europe as the largest export market. When the economy slumped Blue Continent because of the crisis, Asian economies grew very rapidly and lead the global recovery and encourage demand for goods and services strengthened.

Just note, China's global exports to the European Union has currently reached 21 percent, up sharply appeal in 1999 that only 16.5 percent. Yesterday the stock market in China improved sentiment triggered by the European Union that states will spend $ 1 trillion worth of reserves crisis to anticipate the impact of debt kruisis Greece.

"Action to rescue not only Greece, but also Portugal, Spain and Ireland. Asia that are in the financial system will focus on how the potential decline in demand for exports from the EU," said economist Uwe Parpart Cantor Fitzgerald in Hong Kong. I hope this news is useful. thanks for visiting (otofinanceinfo)