30 Jan 2011 @ 7:22 AM 


Jan- Sept: export: $1.07 Trillion, up 22% import: $893 billion, +29% total trade: $1.9 Trillion, +25% trade surplus: -2.6% China-EU trade: $322B, +25% For the month of September alone: China posts another record trade surplus despite global slowdown 1 day ago BEIJING (AFP) — China said Monday its trade surplus hit a monthly all-time high of 29.3 billion dollars in September despite slowing global demand brought on by the financial crisis. Exports in September reached 136.4 billion dollars, up 21.5 percent over the same month last year, while imports during the period were 107.1 billion dollars, up by 21.3 percent, the General Administration of Customs said. The previous monthly surplus record was 28.7 billion dollars in August. China’s trade surplus for the first nine months of the year reached 180.9 billion dollars, down 2.6 percent year-on-year, the administration said on its website. Despite the unexpectedly high trade surplus for September, China’s exporters would not be able to avoid the global economic downtown that has been exacerbated by the crisis embroiling financial markets, analysts said. “September’s new record high surplus was mainly a reason of slowing import growth, due to the pullback of international raw materials prices,” Ma Qing, Beijing-based economist with CEB Monitor Group, told AFP. “We are holding a cautious attitude to the outlook of China’s import and exports. We expect both to fall further in the future because Sino-US trade will definitely go

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Last Edit: 30 Jan 2011 @ 07:22 AM

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