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.
" k) }; A& L7 ? 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$85.76 billion, an 84 percent increase on a year earlier.- d$ k& _6 d; Z2 m* B
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# K8 I7 c8 Z. J( V' ] Wu: China will do its part in sorting global imbalances8 G) z y# n5 i. y( s( L8 n) b8 ~
Trade surplus to exceed US$250b in 2007# Z8 Y8 d# X1 c o. u" q
April trade surplus hits $16b o5 g I D9 o1 m8 }7 u8 F+ I
$4.3b deal to narrow trade gap, J% V7 E- N8 u( c" N* i) O
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.
7 ^5 c5 ?! k7 } 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.
% X5 P: e5 g7 ^2 v China's economy, the world's fourth largest, expanded 11.1 percent in the first quarter.
) v" G7 v8 ]* I: m4 p, _2 G The trade surplus may swell to US$250 billion-US$300 billion in 2007 from a record US$177.5 billion last year, according to a forecast by the National Development and Reform Commission, the country's top economic planner.
. d# N) h; m: G' W Notes
( {! e& P9 D. m# W soar vi.剧增
6 G9 s2 y2 t9 w; Q O. W customs bureau海关( ^ o% S( S0 J; g" \ ~
gap n.缺口
1 k, @) S* m& L8 _, `+ D boost vt.推进- U* L. x3 g# g. O
tariff n.关税
9 U$ A3 M- N ~7 d- l$ R+ z swell vi.膨胀,增加 |