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China Expects Trade Surplus to Drop in 2009

11-03 14:32 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-11-01/110300698.html

» China's trade surplus is expected to reach US$ 180 to US$ 190 billion this year, down from US$ 299 billion in 2008, Commerce Minister Chen Deming said on Saturday.
» "We want to gradually make trade more balanced. This year China launched policies to increase imports despite the economic slowdown," Chen told a forum held at the China Europe International Business School. 
» China's trade surplus was US$ 135.5 billion in the first nine months. Exports declined 21.3 percent year-on-year to US$ 846.7 billion, with imports down 20.4 percent to US$ 711.2 billion.  
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