Of Trade surplus for the Chinese Economy and deficit moderation to the US

  • Sumo

Trade Surplus Rises Modestly.China’s trade balance improved modestly to $17.03billion in October 2011 from $14.51billion recorded the previous month. The performance is inspite of intensified debt crisis in Europe which considerably dampened exports to the zone. The country had witnessed remarkable growth in trade surpluses in recent times, but slowed to 15.9% in October from September’s 17.1%. On the other hand, import grew at a faster pace of 28.7% annually, compared to 20.9% in the previous month, according to data from China’s General Administration of Customs.

United States
September Trade Deficit Narrowed.A recently report by the US Commerce Department revealed an unexpectedly moderation in trade deficit for the month of September. The US trade deficit narrowed to $43.1billion from $44.9billion recorded in the previous month. This represents the least trade deficit since a $40.5billion deficit in December 2010. The improved performance may have been induced by the country’s higher export value of $108.4billion, an increase of 1.4% over $106.8billion in the previous month.

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