China August Trade Surplus Reached 28.69 Billion U.s. Dollars - The Trade Surplus - The Machine Tool
According to the latest statistics of China Customs
, China's trade surplus in August this year, 188 billion, record monthly high. China's foreign trade from January to August this year, the cumulative trade surplus 94,650,000,000 U.S. dollars. Although the record monthly trade surplus in Augusthigh, but less in early months of trade surplus, so the cumulative trade surplus of China prior to August compared with same period last year is still a net decrease of 10.08 billion U.S. dollars, per cent decrease 6.2.
The 10th General Administration of Customs announced in August, the Chinese import and export value for the 241.05 billion U.S. dollars, an increase of 2 percent 2. Among them, exports 134.87 billion U.S. dollars, up 21.1 percent; imports 106.18 billion U.S. dollars, up 23.1 percent.
With July's 26.9 percent compared to August's export growth slowed slightly, but import growth declined even further, this is a direct result of the monthly trade surplus reached a record high. July, China's imports grew 33.7 percent.
August exports remained more than two percent growth, with market analysis, this or the official policy on the export of fine-tuning related.
August 1, China will be part of the textiles and clothing export tax rebate rate increase from 11% to 13%. However, what the policy on exports much good in the sub-prior to the publication of data prevents an accurate assessment.
According to customs statistics, from January to August, China exported 937.69 billion U.S. dollars, an increase of 22.4 percent; imports 785.69 billion U.S. dollars, an increase of 3 percent ; accumulated trade surplus of 151.99 billion U.S. dollars.
Meanwhile, Xinhua reported, first 8 months of this year's foreign trade volume totaled 11,046 billion U.S. dollars, increased 23.9% over the same period last year, 1 month earlier than last year break the trillion dollar mark. China's four major trading partners, with bilateral trade worth 100 billion U.S. dollars were a breakthrough. EU, U.S., Japan and ASEAN to China before the four major trading partners.
Customs statistics, China's Ministry of Commerce and Trade IAS expert Mei Xinyu said that China's trade surplus is the United States and Europe and other major trading partners macroeconomic trends and the international transfer of production of the product, the United States and Europe to better macroeconomic trends this year, the International continuous production transfer to China and the transfer of product structure rising, China's export growth will inevitably bring.
Although the asymptotic constant exchange rate adjustment, but even the high number of China's trade surplus, once again placing the issue of RMB exchange rate, "cusp" on top.
"Now, the yuan's appreciation on exports is not any significant effect," Standard Chartered economist Stephen Green on the "First Financial Daily" said, "in August's trade surplus data once again proved this point. "
In fact, the explanation for the trade surplus, China's Ministry of Commerce, officials have interpretation. In February of this year, Vice Commerce Minister Yi Xiaozhun said Sino-US economic and trade forum in 2005, China's trade surplus of 101.9 billion U.S. dollars, foreign-invested enterprises in China's trade surplus reached 84.4 billion U.S. dollars net worth, accounting for 83 total %. "
Stephen Green believes that the trade surplus in August of this year's high may slow the resumption of the Japanese economy, but the slow pace of the RMB exchange rate is clearly one of the reasons.
NDRC said an expert should not be on the revaluation surplus on which country, on which the national deficit on the devaluation of the exchange rate adjustment in the present is not. Another RMB appreciation now seems little impact on foreign trade last year, after revaluation, the surplus does not appear to reduce.
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