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

To: RealMuLan who wrote (3056)	4/11/2004 11:28:33 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China Posts $540 Mln Trade Deficit for March, Third in Row April 11 (Bloomberg) -- China posted its third monthly trade deficit in a row in March after the government cut exporters' tax rebates and increased imports following U.S. criticism of mounting surpluses. The deficit totaled $540 million last month, the official Xinhua news agency reported, citing the customs bureau. For the first quarter, the deficit totaled $8.43 billion, it said. The U.S. claims that China unfairly helps its exporters by keeping the yuan's value fixed to the U.S. dollar and blocks overseas companies' access to the Chinese market. China's trade surplus with the U.S. last year widened to a record $124 billion, equal to a 10th of the Chinese economy, U.S. figures show. China's exports rose 34 percent to $115.7 billion in the first three months, while imports expanded by 42 percent to $124.1 billion, Xinhua said. The report didn't give a breakdown of exports and imports for last month. quote.bloomberg.com