国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Trade surplus rises 73% in May

By Jiang Wei (China Daily)
Updated: 2007-06-11 15:43

The country's trade surplus remained large in the first five months of this year despite the government's efforts to reverse the situation.

The trade surplus had grown by 73 percent in May from the same period last year to $22.45 billion, the general administration of customs said yesterday. That brings the gap for the first five months to $85.76 billion, an 84 percent increase from the same period last year.

"This shows continuity. It shows that China will have to work on trying to contain its external account surplus," said Huang Yiping, chief Asia economist with Citigroup in Hong Kong.

Related readings:
 Wu: China will do its part in sorting global imbalances
 Trade surplus to exceed US$250b in 2007
 April trade surplus hits $16b
 
$4.3b deal to narrow trade gap

The monthly trade surplus has remained on the fast track this year even though the authorities have since late last year introduced several measures to cool the situation. Cutting export tax rebates for some products and encouraging imports are a few of the measures that have been put in place.

However, experts said, some of the tax rebates that took effect this month actually expanded the surplus in May because some firms tried to export as much as possible ahead of the deadline.

Hua Xiaohong, an expert at the University of International Business and Economics, predicted that China's trade surplus would remain large this year due to the country's place in the international industrial structure and increasing global demand for made-in-China products.

As foreign trade is typically faster in the second half of the year, the trade imbalance is likely to grow in the coming months.

The Ministry of Commerce yesterday announced a cap on exports of molybdenum and indium to licensed exporters from June 18. It did not provide specific volumes.

Meanwhile, reports said the government is poised to lower tax rebates on a wider range of exports. The proposed list, which is expected to be published in July, is said to include not only polluting and resource-intensive products, such as metals, paper and chemical products, and low added-value categories like garments and footwear, but also some machinery and electronics.

The cuts, aimed at capping the trade surplus, are likely to exacerbate the situation in the short term, said an anonymous source from an industrial association. But the source added that the effect would be noticeable within a few months' time.


(For more biz stories, please visit Industry Updates)



义乌市| 留坝县| 腾冲县| 江达县| 靖西县| 蒙阴县| 大田县| 灵丘县| 中西区| 湟中县| 揭东县| 苏尼特左旗| 永福县| 兖州市| 永和县| 金沙县| 松江区| 略阳县| 宣城市| 贺兰县| 乐陵市| 娱乐| 广元市| 湖州市| 喀什市| 陆丰市| 满洲里市| 望谟县| 盘山县| 汶川县| 泊头市| 邵阳市| 五家渠市| 义乌市| 隆昌县| 北辰区| 宜阳县| 和田县| 克东县| 义马市| 丰都县|