Feb 3, 2011
5:30:00 PM
| Last Updated
We expect that China’s trade surplus narrowed slightly on a m/m and y/y basis in January. Although factories likely pushed out orders ahead of the holiday, and there was some giveback from higher-than-expected imports in December, the trade balance still probably narrowed to US$12.4 billion in January. We forecast that imports increased 26.7% y/y, while exports were up 21.9%. The trade surplus looks to be relatively stable in 2011 in USD terms, but net exports will add to growth in real terms for a second consecutive[...]
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