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Behind the Ever-Widening Trade Surplus

Behind the Ever-Widening Trade Surplus
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摘要 hina's trade surplus has been on the rise since 2005. The surplus Chit USS 32.1 billion in 2004, and has soared to USS 177.5 billion in 2006, The 'Chinese government has made the reduction of the trade surplus one of its major macro-economic goals since last September. It has actively sought to rein in the surplus by simultaneously making several adjustments in finance rates, taxation, exchange rates, and export policies. However, the surplus has not shown any signs of slowing down or reversing its growth trend. In the first eight months of this year, China's trade surplus has already reached USS 161.758 billion, already close to the USS177.5 billion total for all of 2006. The following is a brief analysis of the internal and external factors behind the surplus increase. China's trade surplus has been on the rise since 2005.The surplus hit US$32.1 billion in 2004,and has soared to US$177.5 billion in 2006.The Chinese government has made the reduction of the trade surplus one of its major macro-economic goals since last September.It has actively sought to rein in the surplus by simultaneously making several adjustments in finance rates,taxation,exchange rates,and export policies.However,the surplus has not shown any signs of slowing down or reversing its growth trend.In the first eight months of this year,China's trade surplus has already reached US$161.758 bil- lion,already close to the US$177.5 billion total for all of 2006.The following is a brief analysis of the internal and external factors behind the surplus increase.
作者 Guo Yan
出处 《China's Foreign Trade》 2007年第19期8-9,共2页 中国对外贸易(英文版)
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