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9-month low ushers in falling surplus era

By Wang Xing | China Daily | Updated: 2011-02-15 07:52

9-month low ushers in falling surplus era

Increased imports, rising prices behind January's 53.5% decline

BEIJING - China's trade surplus will continue to fall in the coming months after hitting a nine-month low in January amid increased imports in the run-up to the lunar new year holidays and surging commodity prices, economists said.

The surplus fell 53.5 percent to $6.46 billion last month, the General Administration of Customs said on its website on Monday. Exports rose 37.7 percent to $150.73 billion from a year earlier while imports climbed 51 percent to $144.27 billion.

9-month low ushers in falling surplus era

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