China's trade surplus soared 73 percent in May from a year earlier to US$22.45 billion, Xinhua reported, citing data from the customs bureau.
4 q: M9 n/ l+ ]7 n% [9 ? That's more than the US$19.5 billion median estimate of 18 economists surveyed by Bloomberg News. The surplus would bring the gap for the first five months to US$85.76 billion, an 84 percent increase on a year earlier.
% ], {7 Q. k! s/ ]! R Related readings:2 o0 }) [' r' S( a
Wu: China will do its part in sorting global imbalances, J1 {; v% I4 a
Trade surplus to exceed US$250b in 2007) |9 m4 B0 e$ p9 L% O/ n
April trade surplus hits $16b, g( b- a9 x, C1 s* }
$4.3b deal to narrow trade gap
. a' ?+ z0 e: [' y9 a- k9 F% N The Chinese government last month said it will boost imports to narrow a trade surplus with the U.S. that last year reached US$232.5 billion. The Ministry of Finance raised export taxes on 142 products and cut tariffs on 209 types of imports from June 1.
* B% s# z8 {, [; `4 Z The World Bank last month raised its estimate for China's growth this year to 10.4 percent from 9.6 percent because of improved prospects for exports to Europe and developing countries.
: ~! E, k. E7 d1 G E4 j China's economy, the world's fourth largest, expanded 11.1 percent in the first quarter.
/ W! z& H) { x. S% q The trade surplus may swell to US$250 billion-US$300 billion in 2007 from a record US$177.5 billion last year, according to a forecast by the National Development and Reform Commission, the country's top economic planner.8 z1 A0 y y0 ^! @5 c
Notes
- U/ o; b, A& v {) D4 @ soar vi.剧增% N0 `6 `. |8 [, _: s' L" ?
customs bureau海关
3 C7 T4 {; E0 g) d3 H% x gap n.缺口2 Q' b* S3 H3 X1 D( S
boost vt.推进
( ?8 `* \8 ^) D' f tariff n.关税7 D' t0 I L6 U! ~! S, N1 \2 X" t0 j5 o
swell vi.膨胀,增加 |