Monday, April 11, 2011

Update on Chinese Q1 Trade Figures

China Reports 1st Trade deficit in 6 years
Trade Deficit = -1.02bil $US vs year ago + 13.91bil $US
Exports +26.5%  Imports +32.6%
Trade w/ other partners
EU (China’s largest partner) +22% to 123.7bil $us
US +25% to 97.65bil $US
Japan +27.1% to 80.78bil $US
Increased prices of imported commodities like iron ores and grains were partially to blame
Read article from the ChinaBiz section of People's Daily Online
http://english.people.com.cn/90001/90778/90861/7345299.html
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