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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1841)	12/9/2003 12:40:41 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's November trade surplus fall BEIJING - China's trade surplus in November fell to US$4.83 billion (S$8.26 billion) from US$5.7 billion in October as the country continued to suck in imports to fuel its booming economy, official data showed on Tuesday. The trade surplus for the first 11 months rose to US$19.7 billion from US$14.87 billion in the previous month, General Administration of Customs (GAC) deputy head Liu Wenjie told a news conference. The figures suggest the yearly total will exceed an official forecast for US$15 billion given by China's trade ministry last week. The trade balance figures are based on total exports in the first 11 months valued at US$390 billion, up 32.9 per cent year-on-year, and imports which rose 39.1 per cent year-on-year to US$370.6 billion. 'Imports were lifted by improving domestic demand, and strong exports will also result in rapid import growth as nearly half of them are used to make goods for export purposes,' said Citigroup economist Huang Yiping. Although the GAC did not provide a breakdown, calculations based on earlier data indicate China imported goods worth US$36.87 billion in November, compared with imports of US$35.19 billion in October, up 28 per cent from last November's US$28.7 billion. business-times.asia1.com.sg