China'S Trade Surplus "Shrinking" Seeks New "Exit" To Achieve Recovery

14, the General Administration of Customs announced China in January this year.

It is noteworthy that in the main foreign trade partners of China, the three largest trading partners, Europe and the United States and ASEAN, continue to maintain a growth rate of more than 30%, while India, Brazil and other emerging economies are growing more rapidly and become new "ports to the sea".

According to the General Administration of customs statistics, the total value of China's foreign trade import and export in January 2011 was 295 billion 10 million US dollars, an increase of 43.9% over the same period last year.

Of which, exports of US $150 billion 730 million, an increase of 37.7%, and imports of US $144 billion 280 million, an increase of 51%.

The trade surplus of US $6 billion 450 million decreased by 53.5%.

Before the release of import and export data in January, many agencies predicted, but the final result deviated sharply from the forecast value.

For example, the growth rate of exports, before most agencies Forecast between 18% and 22%, the more optimistic Goldman Sachs Gao Hua, given the figure is only 25%.

But the final growth rate was 37.7%, nearly double the forecast average.

Zhang Yansheng, director of the Foreign Economic Research Institute of the national development and Reform Commission, said that in addition to the centralization of shipment before the Spring Festival, the value of imports and exports rose. The sharp increase in import growth also came from three factors: strong domestic demand, encouraging import policies and rising import prices.

The reason for the strong growth of exports is that the recovery of external demand exceeds expectations. In addition to emerging economies such as China, monetary policies of developed economies such as Europe, Japan and other developed countries are still relatively loose, and the pformation and upgrading of Chinese export enterprises have gradually achieved results.

With the two-way growth of China's imports and exports, the trade volume of emerging economies such as India and Brazil has been increasing continuously, becoming the "bright spot" of China's import and export trade in January this year.

In January this year, bilateral trade between China and Europe increased by 30.5% in total bilateral trade with major trading partners.

Over the same period, Sino US bilateral trade totaled 36 billion 870 million US dollars, an increase of 39.2%.

ASEAN is China's third largest trading partner with a bilateral trade value of US $28 billion 890 million, an increase of 34.5%.

By contrast, the growth rate of bilateral trade between China and other emerging markets such as India and Brazil in January has increased by leaps and bounds.

Among them, bilateral trade with India totaled 6 billion 660 million US dollars, an increase of 44.2%, and bilateral trade with Brazil totaled 5 billion 990 million US dollars, an increase of 74.8%.

In 2011, the revival of trade and economic growth will continue to be the theme of import and export trade.

Han Chengmin, deputy general manager of COSCO, said: "the global economy and trade will continue to recover in 2011, but the road to recovery is still long. The world economic growth in 2011 will be lower than that in 2010.

Although the risk of global economic downturn is increasing, the possibility of "two bottom finding" is unlikely.

Han Chengmin said: "as the economic and trade recovery is generally slow, and the economic stimulus measures of all countries are gradually fading out in the future, it is estimated that the growth of market volume in 2011 may fluctuate slightly, but the trend of steady increase will not be changed.