NTDTV englishnews2011.10.14---China's Trade Surplus Dwindles as World Economy Weakens

NTDTV englishnews2011.10.14---China's Trade Surplus Dwindles as World Economy Weakens
China's Trade Surplus Dwindles as World Economy Weakens
China's trade surplus has dwindled for a second month in September to $14.5 billion, down from nearly $18 billion in August. That's less than 50 percent of July's trade surplus. The latest trade statistics indicate the Chinese regime is feeling the pinch from the economic woes in Europe and the United States.

China's trade surplus has dwindled for a second month in September to $14.5-billion. It's lower than the $17.8-billion in August and less than half of July's figure recorded at $31.5-billion.

Trade statistics released on Thursday came in the midst of the Chinese regime's furor over the US currency bill and pressure for a higher yuan—or renminbi. The regime's policy of undervaluing the renminbi has made Chinese exports cheaper—giving it a hefty trade advantage over competitors.

Chinese Customs Administration Deputy Head Lu Peijun says the higher yuan is already hurting Chinese exports—and limiting the room for export growth. Chinese exports to Europe have fallen to its lowest since June—at less than half of the total for August.

Reuters reported a fall in both Chinese imports and exports—with some analysts saying no recovery is in sight. This trend reflects a weakening world economy and domestic demand that will heighten difficulties for Chinese regime policy makers.

A Pingan Securities analyst Shi Lei says, "It's now certain that external demand is falling." He expects export growth to remain sluggish for the rest of this year. Shi says it's unlikely for any easing of the monetary policy unless there's an obvious fall in inflation rate, which remains at 6.2-percent for August.

He states the opportunity for any policy easing may happen in November or December. Other analysts believe the dwindling trade surplus will ease the yuan appreciation trend and hence relieve the US pressure on the Chinese yuan.

China's overall balance of trade with the United States stayed the same for August and September—at a surplus of $20-billion. With the European Union, the Chinese trade surplus fell from $14.8-billion in August to $12.9 billion in September.

中國的貿易順差不斷下降，作為世界經濟疲軟
中國的貿易盈餘下降至145億美元，為在9月的第二個一個月下降至八月的近180億美元。這是7月份的貿易盈餘低於 50％。最新貿易統計數字表明，中國政權的感覺捏在歐洲和美國的經濟困境。

中國的貿易順差在9月的第二個月份已減少至14.5億美元。它比$ 17.8億，在八月和低，低於 7月份的數字的一半31.5億美元的記錄。

上週四公佈的貿易統計排在中國政權的美國貨幣法案的憤怒和壓力下，較高的人民幣或人民幣。政權的低估人民幣的政策取得了中國出口產品更便宜，給它一個巨大的貿易優勢，戰勝競爭對手。

中國海關總署副主任陸佩君說，人民幣升值已經損害了中國的出口和限制出口增長的空間。中國對歐洲的出口下降以來的最低六月，低於 8月總數的一半。

路透社報導，在兩個中國的進口和出口的下降，一些分析家說沒有復甦在望。這一趨勢反映了疲軟的世界經濟和國內需求，這將提高中國政權的政策制定者的困難。

一個平安證券分析師石磊說，“現在某些外部需求下降。”他預計，今年剩下的出口增長保持低迷。施說，這是不可能為任何寬鬆的貨幣政策，除非有明顯下降的通貨膨脹率，保持在6.2％八月。

他國的機會，任何寬鬆政策可能會發生在11月或12月。其他分析師認為，貿易順差下降將緩解人民幣升值的趨勢，從而減輕美國對中國的人民幣壓力。

中國與美國貿易的總體平衡保持相同的8月和9月在20億美元的盈餘。與歐盟，中國的貿易順差從八月份的14.8億美元下降到九月份的129億美元。