Go Finance Reporting in Beijing - China's trade surplus for January 2011 is narrowed sharply to $ 6, 5 billion. This figure is the lowest surplus in the last nine months.
At the Chinese government announcement quoted from the Associated Press (AP), Monday (02/14/2011), China's global trade surplus has fallen to 55 percent over the previous year and so far compared with analysts' estimates. Throughout the last year exports surge 37.7 percent had to position 150, 7 billion while imports exploded 53.5 percent to the position of USD144, 3 billion.
In recent months, China's trade surplus has narrowed because of the rapid growth in demand for imported goods, while export demand even weaker. Some economists say that China's global trade gap should show a rebound this year to USD200 billion.
The Chinese government complained that the rebound is too fast when the crisis came to have sacrificed its trading partners are struggling to support its economic growth.
Meanwhile, criticism about China's yuan currency is undervalued levels mentioned are in fact giving its exporters an unfair advantage but hurting foreign competitors by making their goods become more expensive in China.
However, the government promised that the yuan exchange rate flexibility will begin next June and will increase approximately 3.5 percent against the U.S. dollar since then. The analysis estimates the value of the currency will appreciate Yian approximately five percent this year, but that figure is still relatively small compared to the criticism undervalued Yuan is currently reaching 40 percent.
In addition to criticism against the Yuan, the Chinese government also faced criticism has hindered access to the financial industry that supports the production of solar energy, wind and other renewable energy by closing the supply of foreign parties from projects funded by the government. (GoFinance)
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