Surging imports squeeze trade surplus in August

    Updated: 2011-09-11 07:42

    By Wang Wen and Ding Qingfen (China Daily)

      Comments() Print Mail Large Medium  Small 分享按鈕 0

    BEIJING - China's trade surplus for August fell sharply from July to $17.75 billion, the first monthly drop since February, as the nation's exports dipped and imports grew to a record high, official statistics showed.

    The trade surplus last month was down from July's $31.5 billion, the highest in two and a half years. While the slackened global demand is pinching China's export growth, demand from the world's second-largest economy is still strong.

    "Acceleration of import continues exceeding export's rise in the future," said Wang Tao, head of China Economic Research at UBS Securities.

    China's exports surged by 24.5 percent year-on-year in August, accelerating from the 20.4 percent in July, the General Administration of Customs (GAC) announced on Saturday.

    Despite the acceleration, the August figure fell to $173.31 billion from a record high of $175.13 billion in July.

    Meanwhile, China's imports in August climbed 30.2 percent from a year earlier to a record high of $155.56 billion.

    The debt crisis in European Union and the United States has dampened the global consumer confidence for Chinese goods, which leads to a slower expansion of the nation's exports than imports, experts said.

    Statistics from the GAC showed that China's exports to the US and Japan in August gained by 12.55 and 29.8 percent year-on-year, up from 9.5 and 27.2 percent in July. Export growth to the EU for August stayed at the same level of July - 22.34 percent.

    But compared with China's major trade partners, exports to some developing countries grew at a faster pace than developed economies.

    Exports to Brazil and Russia rose by 39.75 and 34.1 percent in August, up from 23.7 and 19.6 percent in July.

    While the global debt crisis is spreading and will slow the demand for China's goods, "emerging markets will become more and more significant to China," said Liang Ming, deputy researcher of the Chinese Academy of International Trade and Economic Cooperation (affiliated with the Minsitry of Commerce).

    "Strong import growth is driven by China's strong domestic demand for consumer goods, luxury items, iron ore, crude oil, soy as well as corn," Shen Jianguang, an economist with Mizuho Securities Asia in Hong Kong, was quoted as saying by Reuters.

    Price hikes also helped lift the value of China's imports, with coal and soybean rising by 11.9 and 31.2 percent year-on-year in price from January to August.

    China's imports from emerging markets including Russia, Brazil, South Africa and India outperformed that from the developed nations of the US and Japan by terms of growth.

    In August, imports from Russia increased sharply, 111.5 percent year-on-year, while imports from South Africa grew by 137.9 percent.

    China Daily

    东京热加勒比无码少妇| 中文字幕无码第1页| 制服丝袜中文字幕在线| 国产在线无码不卡影视影院| 视频一区二区中文字幕| 国产精品 中文字幕 亚洲 欧美 | HEYZO无码综合国产精品227| 亚洲中文字幕伊人久久无码| 中文成人无字幕乱码精品区 | 久久久久久国产精品免费无码| 色综合久久久久无码专区 | 中文精品久久久久国产网址| MM1313亚洲精品无码| 无码欧精品亚洲日韩一区| 国产又爽又黄无码无遮挡在线观看 | 亚洲第一极品精品无码久久| 日韩精品一区二三区中文| 欧美精品中文字幕亚洲专区| 亚洲AV永久无码精品一区二区国产| 国产亚洲精品a在线无码| 亚洲日韩激情无码一区| 日韩精品无码免费专区午夜 | 天堂网www中文在线资源| 熟妇人妻无码中文字幕| 亚洲欧美日韩中文播放| 亚洲AV无码一区二区一二区| 免费无码一区二区| 97无码免费人妻超级碰碰夜夜| 精品无码AV无码免费专区| 毛片无码免费无码播放| 久久久久久国产精品免费无码| 久久久久久亚洲Av无码精品专口 | 无码少妇精品一区二区免费动态| 亚洲va无码专区国产乱码| 亚欧免费无码aⅴ在线观看| 亚洲Av综合色区无码专区桃色| 亚洲AV无码久久精品狠狠爱浪潮| 午夜福利无码不卡在线观看| 日韩av无码久久精品免费| 精品久久久久久无码中文字幕| heyzo专区无码综合|