China Tells

China’s Trade surplus reached 24 Billion USD in Oct, making the total trade surplus from Jan to Oct reach 159.5 Billion USD. Based on such trend, a pro-rata annual trade surplus could be as much as 192 Billion, which is shy from that of 07 and 08 (See Graph from Chinatells), but still higher than 2006. China’s export still has a negative y-o-y growth compared to last year, however, the import seems to be hit even harder, directly resulting in an improved surplus. Another reason seems the pegging of RMB to USD, which has attracted waves of critisim (See Article from Chinatells). During Obama’s visit to Beijing in end Nov RMB is expected to be one of the key issues to be discussed between China and USA.

中国10月份贸易盈余相对于八九月份的数据猛增，达到240亿元。这是过去9个月内贸易盈余的最高值，对中国政府可谓喜忧参半。喜的是出口行业就业压力有所缓解，忧的是国际同行对人民币升值的压力有增无减，而高额的出口盈余为这种压力提供了口实。中国政府如何应付这种国际压力将成为国际社会关注的问题之一。