BEIJING -- China's trade surplus reached its second-highest monthly level on
record in November, pushing the total surplus so far this year to $157 billion,
according to Customs figures reported Thursday by a state news agency.
November surplus of $23.4 billion was just behind October's all-time high of
$23.8 billion, as exports surged by 27.5 percent, outpacing import growth of
20.5 percent, the Xinhua News Agency said.
The surge in China's surplus has added to pressure by the United States and
other trading partners for Beijing to open its markets wider.
Economists had forecast a surge in China's trade surplus due to government
efforts to rein in an economic boom. They said investment controls imposed on
auto manufacturing, textiles and other industries would slow imports of
equipment and raw materials, while foreign demand for China goods continued to
China's six biggest monthly trade surpluses on record all have occurred this
The total trade surplus for the first 11 months of the year was up $66
billion over the same period last year, according to Xinhua. It said total trade
so far this year totaled $1.6 trillion, up 24.3 percent from the first 11 months
The Commerce Ministry forecast last month that China's annual trade surplus
would top $150 billion this year. But the total could exceed $180 billion if the
December figure is in line with previous months.