Trade surplus falls sharply
文章来源: 文章作者: 发布时间:2007-04-12 02:35 字体: [ ]  进入论坛
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Apr.11 - China's trade surplus in March narrowed drastically by 38 percent year-on-year following government measures to curb1 the imbalance.

 

It stood at $6.87 billion, the first time in 13 months that the monthly figure dropped below $10 billion, according to the China General Administration of Customs.

 

Exports gained 6.9 percent to $83.4 billion in March while imports climbed 14.5 percent to $76.6 billion.

 

The figures indicate that the central government's measures to stop the trade gap from widening are beginning to pay off, said Xue Hua, an analyst2 with Shenzhen-based China Merchants Securities.

 

Beijing has lowered or scrapped3 export tax rebates4 on a number of resource-intensive and highly-polluting products and banned processing trade of some categories in a bid to slow down export growth.

 

Xue noted5 the sharp increase in the trade surplus for February was because exporters rushed to sell products overseas in the first two months of this year before the export-control policies took effect. The surplus for the first two months of the year totaled $39.7 billion, triple the amount for the same period last year.

 

Vice-Minister of Commerce Wei Jianguo said earlier this week that China is ready to take more measures to boost imports of machinery6 and hi-tech products to redress7 the imbalance.

 

He said the government will unveil more policies to increase imports of advanced equipment, increase imports from countries that have a large deficit8 with China and simplify import procedures.

 

"The key to easing concerns about the trade surplus is to restructure China's foreign trade rather than simply squeeze exports," he added.

 

Xue predicted the growth of the trade surplus may slow down to 30 percent year-on-year from 80 percent in 2006, but the figure will still be quite high.

 

China's trade surplus with the United States fell to $9.5 billion in March from $12.3 billion in February, while it declined to $6.4 billion from $11.8 billion with Europe.

 

But the surplus was $46.44 billion for the first three months, nearly double for the same period in 2006.

 



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1 curb LmRyy     
n.场外证券市场,场外交易;vt.制止,抑制
参考例句:
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
2 analyst gw7zn     
n.分析家,化验员;心理分析学家
参考例句:
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务?
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
3 scrapped c056f581043fe275b02d9e1269f11d62     
废弃(scrap的过去式与过去分词); 打架
参考例句:
  • This machine is so old that it will soon have to be scrapped. 这架机器太旧,快报废了。
  • It had been thought that passport controls would be scrapped. 人们曾认为会放开护照管制。
4 rebates 5862cab7436152bb9726585397fb1db9     
n.退还款( rebate的名词复数 );回扣;返还(退还的部份货价);折扣
参考例句:
  • The VAT system offers advantages, such as rebates on exports. 增值税有其优点,如对出口商品实行回扣。 来自辞典例句
  • In more recent years rate rebates have been introduced for households. 近年地方税的减免已适用于家庭。 来自辞典例句
5 noted 5n4zXc     
adj.著名的,知名的
参考例句:
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
6 machinery CAdxb     
n.(总称)机械,机器;机构
参考例句:
  • Has the machinery been put up ready for the broadcast?广播器材安装完毕了吗?
  • Machinery ought to be well maintained all the time.机器应该随时注意维护。
7 redress PAOzS     
n.赔偿,救济,矫正;v.纠正,匡正,革除
参考例句:
  • He did all that he possibly could to redress the wrongs.他尽了一切努力革除弊端。
  • Any man deserves redress if he has been injured unfairly.任何人若蒙受不公平的损害都应获得赔偿。
8 deficit tmAzu     
n.亏空,亏损;赤字,逆差
参考例句:
  • The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
  • We have a great deficit this year.我们今年有很大亏损。
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