Go finance Reporting in BEIJING - China's trade deficit in February of this which is the first time in this year.
Quoted by AFP on Thursday (03/10/2011), China's trade deficit amounted to $ 7, 3 billion. As China had a surplus in January 2010 amounted to $ 6, 45 billion, and in February amounted to $ 7, 61 billion.
While exports rose only by 2.4 percent from the previous year to USD96, 74 billion compared with an increase of 37.7 percent in January. While imports rose 19.4 percent to USD104, 04 billion compared to the previous month increased by 51 percent.
Analysts said the exports and imports usually see strong growth ahead of the harvest season, when the plant produces lots to meet demand, and then slow the next month.
Chinese Commerce Minister Chen Deming warned that China's trade deficit could come back this year, because of international uncertainty that could hurt demand for exports. "Imports this year will grow rapidly, faster than exports," said Chen Deming. (GoFinance)
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