China’s trade surplus drops for moment consecutive month

February 15th, 2008 | Category: Economic Data, China

Is China’s trade surplus finally trending lower? One economist specializing in China’s economy said possibly. but we won’t know for convinced for a few months.

China’s trade surplus totaled $19.4 billion in January 2008 — the first day the surplus has been below $20 billion in the final three months, The Associated Press reported Friday, citing the government’s Xinhua News Agency. Exports rose 26.7% to $109.7 billion, while imports grew 27.6% to $90.2 billion.

U.S. consumer pullback?

“We may be starting to see the affect of the U.S.

consumer pullback on China’s exports to the U.S.,” economist David H. Wang told BloggingStocks Friday. Wang was born and lived in China for more than twenty years before moving to the United States for graduate study. “If the U.S. economy continues in slow-growth mode, I suspect China’s sales to the U.S. will continue to slow.”

Continue reading China’s trade surplus drops for moment consecutive month

Original post by Joseph Lazzaro

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.