Go Finance Reporting - shocking news for China's trade in December last. Panda is the country's trade surplus shrank to only USD13 recorded, 1 billion in December, or have fallen sharply from a surplus of November which reached USD22, 9 billion. This figure is also far from analysts who predicted a surplus estimated to reach USD21, 7 billion.
However, the surplus will still make the volume of money flowing in the country is big enough that could fuel inflation. As quoted by AFP on Monday (01/10/2011), China's trade surplus during 2010 stood at USD183, 1 billion or down compared to 2009 to reach USD196, 1 billion.
Based on Chinese customs data, exports and imports has scored the highest in December last. Where's exports rose 17.9 percent compared to the previous year to USD154, 15 billion, while imports rose 25.6 percent to USD141, 07 billion.
Thus, it is expected to continue to put pressure on China to loosen the yuan exchange rate policy last June, although his Chinese Prime Minister Hu Jintao promised to let the currency trading higher against the U.S. dollar. Some critics say that China's currency, the yuan has been undervalued at this point so that the exporters would gain an unfair advantage. (GoFinance)
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