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

    无码人妻丰满熟妇区免费 | 久久亚洲AV成人无码国产| 亚洲av中文无码| 亚洲AV无码国产精品麻豆天美| 中文字幕久久波多野结衣av| 无码成A毛片免费| 欧洲精品无码一区二区三区在线播放| 精品无码久久久久久国产 | 亚洲日韩v无码中文字幕| 天天爽亚洲中文字幕| 人妻丰满熟妞av无码区| 日本无码小泬粉嫩精品图| 日韩乱码人妻无码中文字幕| 99久久国产热无码精品免费久久久久| 国产成人无码一区二区三区在线| 日韩中文字幕免费视频| 中文字幕在线无码一区| 蜜芽亚洲av无码精品色午夜| 日韩精品无码免费专区午夜不卡 | 娇小性色xxxxx中文| 人妻少妇无码视频在线| 91精品国产综合久久四虎久久无码一级 | 狠狠躁天天躁无码中文字幕图| 4hu亚洲人成人无码网www电影首页 | 国产成人无码一区二区三区 | 99精品人妻无码专区在线视频区| 中文字幕在线最新在线不卡| 亚洲高清中文字幕免费| 精品久久久久久无码人妻热 | 国产AV无码专区亚洲Av| 人妻少妇精品无码专区二区| 亚洲国产成人精品无码区在线观看 | 国产精品亚洲专区无码WEB| 乱色精品无码一区二区国产盗| 日韩乱码人妻无码系列中文字幕| 午夜不卡久久精品无码免费| 中文人妻无码一区二区三区 | 中文字幕在线无码一区二区三区| 国产中文在线亚洲精品官网| 最近中文字幕高清免费中文字幕mv| 99高清中文字幕在线|