China Says Trade Surplus to Fall Sharply in 2010-Shanghai Metals Market

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China Says Trade Surplus to Fall Sharply in 2010

Data Analysis 01:14:36PM May 17, 2010 Source:SMM

BEIJING, May 17 -- China's trade surplus in 2010 will fall steeply, commerce ministry spokesman Yao Jian told a news conference on Monday.

He also said the yuan had been rising against the euro and that this would have an impact on Chinese exports.

China recorded a $196.1 billion trade surplus last year.

After narrowing surpluses in the first months of 2010, including a deficit in March, many economists believe the country could be on course for a surplus of roughly $100 billion this year.
 

China Says Trade Surplus to Fall Sharply in 2010

Data Analysis 01:14:36PM May 17, 2010 Source:SMM

BEIJING, May 17 -- China's trade surplus in 2010 will fall steeply, commerce ministry spokesman Yao Jian told a news conference on Monday.

He also said the yuan had been rising against the euro and that this would have an impact on Chinese exports.

China recorded a $196.1 billion trade surplus last year.

After narrowing surpluses in the first months of 2010, including a deficit in March, many economists believe the country could be on course for a surplus of roughly $100 billion this year.