China''''s Trade Surplus Hits New High

China has seen its aggregated trade surplus reaching US$95.65 billion from January to August, with the trade surplus in Au gust hitting a single month high of US$18.8 billion. Statistics released by the General Administration of Customs also     

Surplus Means High Profits？

In recent years, China has been in the limelight worldwide due to its . constant high trade surplus. Its trade surplus hit USS 24.974 billion in August, a record high and an increase of USS 624 million versus the previous month, according to the latest data from China Customs. In foreign trade, however, does China＇s huge surplus mean high profits？ It is a question deserving our serious consideration.[第一段]     

High Surplus Means High Profits?

In recent years,China has been in the limelight worldwide due to its constant high trade surplus.Its trade surplus hit US＄24.974 billion in August, a record high and an increase of US＄624 million versus the previous month, according to the latest data from China Customs.In foreign trade,however,does China's huge surplus mean high profits?It is a question deserving our serious consid- eration.     

China Remains World's 3rd Largest Trader

The Chinese mainland recorded US$1.4 trillion in foreign trade volume last year, helping China to remain the third largest tradcr in the world. Behind the big figures though, a widening trade surplus is arousing the concerns of trade partners.     

Im/Ex in June, 2010： Exports Hit Record High

On July 10, 2010, General Administration of Customs of the People＇s Republic of China （GAC） released the profile of China foreign trade import and export in June and the first six months of this year. China＇s trade surplus fell by 42.5 percent in the first six months this year from a year earlier to US$55.3 billion. In the first half of 2010, exports rose 35.2 percent to US$705.09 billion while imports were up 52.7 percent to US$649.79 billion,     

Trade Performance： Highlights in the Crisis

On January 13, China Customs issued the annual profile of China＇s foreign trade, including import and export, in 2008. According to the Customs statistics, trade volume last year amounted to US$2.562 trillion, a year-on-year growth of 17.8%. In the total amount, value of US$1.42 trillion goes for China＇s export growth, 17.2% up, while the import takes up US$1.13 trillion, 18.5% up. The trade surplus stood at US$295.47 billion in 2008, increased by 12.5% year-on-year, with the net increase value ofUS$32.83 billion.     

Im/Ex in Feb Continues to Fall

February of 2009 witnessed the fourth consecutive months of shrinking trade value of China. On March 11, General Administration of Customs of the People＇s Republic of China announced the profile of China foreign trade import and export in the first two months of this year. According to the customs＇ statistics, the total import and export value for the first two months amounted to US$266.77 billion, 27.2% decreasing compared with the same period last year. Among the total value, the export value amounted to US$155.33 billion, down 21.1% year-on-year, while the import US$111.44 billion, 34.2% decreased year-on-year. And the trade surplus in January and February achieved US$43.89 billion, 59.6% growth year-on-year.     

Im/Ex in August,2010: Trade Surplus in Surprise Drop

On September 10, 2010, General Administration of Customs of the People＇s Republic of China （GAC） released the profile of China foreign trade import and export in August and the first eight months of this year. China＇s foreign trade in the first eight months totaled US$1.88 trillion, a year-on-year increase of 40 percent, according to the GAC. Trade surplus for the first eight months of the year totaled US$103.9 billion, down 14.6 percent from the same period last year.     

Im/Ex Difficulty Lasts in the First 5 Months

On June l 1, General Administration of Customs of the People＇s Reptlblic of China announced the profile of China foreign trade import and export in the first 5 months of this year. According to the customs＇ statistics, the total import anti export value for the first five months amounted to US$763.49 billion, 24.7% decreasing compared with the same period last year. Among the total value, the export value amounted to US$426.14 billion, down 21.8% year-on-year, while the import US$337.35 billion, 28% decreased year-on-year. And the trade surplus from January to May achieved US$88.79 billion, 15.7% growth year-on-year, a net growth of US$12.05 billion.     

Im/Ex in September, 2010: Export Continued to Surge

On October 13, 2010, General Administration of Customs of the People＇s Republic of China （GAC） released the profile of China＇s import and export in September and the first nine months of this year. China＇s foreign trade in the first nine months totaled US$2.15 trillion, a year-on-year increase of 37.9 percent, according to the GAC. Trade surplus for the first nine months of the year totaled US$120.6 billion.     

Over 20% Growth in Imports and Exports by Conventional Trade in the First 2 Months

According to statistics of Customs General Administration of PRC, in the first 2 months in 2005, total imports and exports of China amounted to US$179.46 billion, up by 21.7%compared with the same period of last year. Of which exports were US$95.28 billion and importsUS$84.18 billion, up by 36.6% and 8.3% respectively. And trade surplus reached US＄ 11.1 billion.……     

Trade Surplus to Fall This Year

“We believe imports will grow faster than exports, resulting in a further reduction in the trade surplus to US$10 billion from US$25.5 billion in 2003.“     

Over 20% Growth in Imports and Exports by Conventional Trade in the First 2 Months

According to statistics of Customs General Administration of PRC, in the first 2 months in 2005, total imports and exports of China amounted to US$179.46 billion, up by 21.7%compared with the same period of last year. Of which exports were US$95.28 billion and importsUS$84.18 billion, up by 36.6% and 8.3% respectively. And trade surplus reached US＄ 11.1 billion.     

Further Optimization of the Import and Export Structure

According to customs statistics,Chinese trade imports and exports totaled US$ 1,759.32 billion from January to October this year, representing an increase of 23.5 percent over the same period last year,and nearly equal to the total amount of imports and exports from all of last year. Exports were US$ 985.84 billion dollars, increasing by 26.5 percent, while imports accounted for US$ 773.48 billion dollars,increasing by 19.8 percent. Trade surplus has grown over the last ten months to US$ 212.36 billion, increasing by 59 percent, which is 10.2 percent slower than the growth rate of the trade surplus in the 9 months previous to that.     

Irn/Ex in October, 2010： Trade Surplus Jumps to Second Highest

On November 10, 2010, General Administration of Customs of the People＇s Republic of China （GAC） released the profile of China＇s import and export in October and the first ten months of this year. China＇s foreign trade in the first ten months totaled US$2.3-9 trillion, a year- on-year increase of 36.3 percent, according to the GAC. Trade surplus for the first ten months of the year totaled US$144.77 billion, down 6.7% compared with the same period last year.     

Trade Surplus to Fall This Year Tax Rebate Reduction:A Driving Force

"We believe imports will grow faster than exports, resulting in a further reduction in the trade surplus to US$10 billion from US$25.5 billion in 2003."     

Sino-US Trade Develops in Interdependency

China and the USA have decided to start up the third round of negotiation on the textile issue in the recent future. Maybe there is some active significance to start up this round of negotiation in such an occasion, for China‘s central bank has launched a reform on the RMB exchange rate in July and appreciated RMB for 2%. In the meantime, Huo Jianguo, head of the Department of Foreign Trade, Ministry of Commerce, revealed that the trade surplus with the USA is expected to exceed US$90 billion this year.……     

Im/Exin October,2010:Trade Surplus Jumps to Second Highest

On November 10,2010,General Administration ofCustoms of the People's Republic of China(GAC)released the profile of China's import and export in October and the first ten months of this year.China's foreign trade in the first ten months totaled US$2.39 trillion,a yearon-year increase of 36.3 percent,according to the GAC.Trade surplus for the first ten months of the year totaled US$144.77billion,down 6.7% compared with the same period last year.     

China to Promote Investment in Jamaica

Jamaica is one of China＇s important trade partners in the English-speaking Caribbean, in recent years, bilateral trade has developed rapidly, although last year, because of the economic crisis, bilateral trade has been greatly affected.According to China Customs statistics, bilateral trade in 2008 amounted to US$291 million. Influenced by the financial crisis, bilateral trade between China and Jamaica in 2009 was US$2.19 million, down 25.7% when compared with the same period in 2008. However, with the continuous development of the two economies, bilateral economic and trade has great potential. Dur- ing the state visit of the Jamaican Prime Minister to China,     

China＇s Trade Surplus Expected to Exceed US$4100 bin in First Half

China＇s trade surplus will top US$100 billion in the first half of the year, up 60% on the same period of last year, ananalyst with the General Administration of Customs told Xinhua.