Catalog Request
 New Productions
Hello, if you like us to co ntact with you immediately , please fill in the Enquiry table, if you can not find the exact item that you are looking for, please fill in ODM table, If you are not so sure of our model number, please use the top search button.
 Hot Selling
 News center
Tel:  0086-577-27870007
Fax: 0086-577-27870087
Home     About TBG     Products     Customer Service     Download       Network        
Home > News  
Monthly trade surplus soars to record $26.9b
Tuesday,July 10,2007 Posted: 18:57 BJT(57 GMT)  China Daily

China's trade surplus in June hit a new high of US$26.91 billion, up 85.5 percent on the same month last year, the General Administration of Customs said on Tuesday.

The aggregate surplus for the first half of the year jumped 83 percent to US$112.5 billion, it said.

Imports rose 14.2 percent to US$76.36 billion in June but exports grew 27.1 percent to US$103.27 billion. The growth rate in June's exports was 1.6 percentage points lower than that in May.

China's foreign trade volume for the first half year totaled US$980.93 billion, up 23.3 percent.

The administration predicted that the figure would grow by 20 percent to US$2 trillion this year, with the country's trade surplus reaching US$200 billion.

Huang Guohua, senior analyst with the administration, said China's trade surplus rose to a new high in June because domestic companies, whose export tax rebates were cut on July 1, were rushing exports out its doors.

The Chinese government announced on June 19 it would cut or eliminate export tax rebates for 2,831 commodities from July 1 in an attempt to "suppress overheated export growth and ease frictions between China and its trade partners".

To narrow its yawning trade surplus, the Chinese government has been encouraging companies to curb exports of products that consume vast amounts of energy and cause serious pollution during their production processes, and expand imports of high-tech goods.

In the first six months, the European Union remained China's top trading partner, with bilateral trade volume reaching US$158.4 billion, up 27 percent over the same period of last year. The United States was second with a trade volume of US$140.55 billion.

(Source: English Site of Egypt)
Hits1    Time2007-7-10
Products Name:
Category Name: ShangHai TBG Electric Co.,Ltd
  Website Investigation
judging from your view, which volumns
in our website do you think still need
   enterprise's brief introduction
   products display
   quality control
   customer service
  friendly links
Cable Accessories