在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

   

China's trade surplus to hit $190B in 2007 - report

(Xinhua)
Updated: 2007-01-05 08:33

China's trade surplus may surge to a record new high of around US$190 billion this year despite government efforts to curb exports and encourage imports, the Chinese Academy of Sciences predicted in its latest analytical report.

If these projections came true, China would overtake Saudi Arabia and Russia to have the world's second largest trade surplus after Germany, said the report.

The government think tank said last year's trade surplus would grow 66.4 percent from a year earlier to US$169.4 billion, about US$1.9 billion higher than the Ministry of Commerce's official projection of US$167.5 billion.

It also predicted that the year's imports and exports would reach US$2.137 trillion, up 21.6 percent or US$137 billion from the figure forecast by the Ministry of Commerce in December.

The forecasts show the size of the challenge facing China in dealing with its rocketing trade surplus. The government hopes to keep the country's annual foreign trade growth at 10 percent in the next five years and to balance imports and exports by 2010.

But robust market demand and the global transfer of industry which has turned China into the world's factory are powerful engines boosting the country's exports.

"This year, the trade surplus with the United States and the European Union will grow even faster to hit US$178.2 billion and US$133.1 billion respectively," said the report.

"With its surplus expanding exponentially, China will face more trade disputes this year. The focus of friction will shift from clothing, textiles and shoes to electro-machinery products, steel and chemical products," it said.

Textile and clothing exports might slow slightly as a result of trade protection and barriers, it noted.

Exports of higher value-added electro-machinery products would post a surplus of 118.1 billion U.S. dollars in 2006, up 54.2 percent from 2005, and US$185.2 billion this year, up 56.9 percent year-on-year.
High-tech product exports would register a surplus of US$34 billion in 2006, up 67.2 percent on a year earlier, and US$80 billion this year, up 131.2 percent from 2006, said the report.

The government has deployed a battery of policy and tax incentives to facilitate exports of electro-machinery and high-tech products to alleviate trade frictions caused by cheap lower value-added exports.

The report argued, however, that the positive effects of such measures would not show up immediately because the real cure was to ensure domestic companies acquire key production technologies.

About 90 percent of China's exports of information technology products are made by foreign-invested companies, blowing out China's export figures but bringing little value in terms of advanced technology, it said.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 成年人网站在线免费看 | 日本黄色大片免费观看 | 黄色片com| 久久久噜噜噜www成人网 | 久久久精品一区 | 欧美日韩亚洲另类 | 天天天天综合 | 国产美女精品人人做人人爽 | 国产美女在线播放 | 国产精品一区亚洲二区日本三区 | 久久网av| 久久久久亚洲精品国产 | av大片在线观看 | 日韩 国产 在线 | 久久夜夜爽 | 黄色一级免费电影 | 免费一级毛片 | 羞羞视频免费观看入口 | 鲁一鲁影院 | 国产一二在线 | 成人久久久 | www国产高清| 亚洲精品一区中文字幕乱码 | 一区二区三区视频 | 国产一区二区三区免费 | 韩日一区二区三区 | 久久久91精品国产一区二区 | 亚洲一区二区三区 | 成人免费精品 | 国产欧美精品在线 | 九色在线观看 | 中文字幕在线视频网 | 成人亚洲精品 | 亚洲高清视频在线 | 欧美精品网站 | 中文字幕视频免费观看 | 中文字幕在线三区 | 亚洲国产精品一区二区久久 | 免费一区 | 国产精品黄视频 | 国精日本亚洲欧州国产中文久久 |