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Down the pace of growth of China's trade surplus last year after a decline in the volume of exports and imports, according to official Chinese data released today. The reason for this change is attributable to action taken by Beijing, and to disturbances in the global economy led to lower demand for Chinese goods.
The value of the trade surplus in 2011 around 155.14 billion against $ 181.51 billion in 2010, according to the customs, down by 15.5%. She added that China's exports increased by 20.3% to $ 1.899 trillion dollars last year after it grew in 2010 in the range of 31.3%.
And increased imports of the second-largest economy in the world last year by 24.9% the value of 1.074 trillion dollars, which means a slowdown in the pace of growth compared to 2010, which registered a 38.8%.
Pessimistic expectationsIt is expected to decline, China's exports in the current year by half compared to last year, under the influence of the economic problems faced by Europe in the light of the sovereign debt crisis and weak U.S. economic growth. These two factors have to pay for the first time in a decade to slow the growth of the Chinese economy to less than 9%.
During the December / January last, the growth in Chinese exports to 11.8% over the same month of 2010, which increased its exports by 22.1%, which is down almost by half, according to customs.
May result in the growth of China's trade surplus despite the drop in pace to increase tensions between Beijing and Washington and other trading partners who Alomnha to put restrictions on the freedom of access of goods to the Chinese market to the detriment of foreign companies, at the time when governments for increased rates of growth and the creation of new jobs.
The analyst in any institution. HTML. As Global Insight in Beijing, Alistair Thornton that the weak demand for Chinese exports would lead to slowdown in the Chinese economy in the first half of 2012 at least.
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Down the pace of growth of China's trade surplus last year after a decline in the volume of exports and imports, according to official Chinese data released today. The reason for this change is attributable to action taken by Beijing, and to disturbances in the global economy led to lower demand for Chinese goods.The value of the trade surplus in 2011 around 155.14 billion against $ 181.51 billion in 2010, according to the customs, down by 15.5%. She added that China's exports increased by 20.3% to $ 1.899 trillion dollars last year after it grew in 2010 in the range of 31.3%.
And increased imports of the second-largest economy in the world last year by 24.9% the value of 1.074 trillion dollars, which means a slowdown in the pace of growth compared to 2010, which registered a 38.8%.
Pessimistic expectationsIt is expected to decline, China's exports in the current year by half compared to last year, under the influence of the economic problems faced by Europe in the light of the sovereign debt crisis and weak U.S. economic growth. These two factors have to pay for the first time in a decade to slow the growth of the Chinese economy to less than 9%.
During the December / January last, the growth in Chinese exports to 11.8% over the same month of 2010, which increased its exports by 22.1%, which is down almost by half, according to customs.
May result in the growth of China's trade surplus despite the drop in pace to increase tensions between Beijing and Washington and other trading partners who Alomnha to put restrictions on the freedom of access of goods to the Chinese market to the detriment of foreign companies, at the time when governments for increased rates of growth and the creation of new jobs.
The analyst in any institution. HTML. As Global Insight in Beijing, Alistair Thornton that the weak demand for Chinese exports would lead to slowdown in the Chinese economy in the first half of 2012 at least.
The growth rate
Last month, a senior researcher working for the Chinese government that the rate of GDP growth for the country may achieve a rate of 8.5% in 2012, the weakest rate since 2001.
However, the growth rate expected in the current year remain within the official target, which ranges between 7 and 8%, a level required to produce jobs in sufficient numbers to prevent social unrest in a country with 1.3 billion people.
The International Monetary Fund expects to grow China's economy in 2011 to 9.5%, a percentage far in excess of all advanced economies, but the decline in the pace of China's export growth has had thousands of small businesses in the country to bankruptcy, whichexacerbated the fears of the Chinese leadership on job losses and the resulting ofdisorders.
Source: Agencies
Last month, a senior researcher working for the Chinese government that the rate of GDP growth for the country may achieve a rate of 8.5% in 2012, the weakest rate since 2001.
However, the growth rate expected in the current year remain within the official target, which ranges between 7 and 8%, a level required to produce jobs in sufficient numbers to prevent social unrest in a country with 1.3 billion people.
The International Monetary Fund expects to grow China's economy in 2011 to 9.5%, a percentage far in excess of all advanced economies, but the decline in the pace of China's export growth has had thousands of small businesses in the country to bankruptcy, whichexacerbated the fears of the Chinese leadership on job losses and the resulting ofdisorders.
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Source: Agencies
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