Monday, July 2, 2007

China's Trade Surplus Will Probably Narrow in Second Half, Minister Says

(Bloomberg) -- China's trade surplus is likely to
narrow in the second-half of 2007, as exporters finished their
shipments ahead of a June 30 deadline for receiving rebates, Vice
Commerce Minister Wei Jianguo said.

The world's fourth-largest economy may have exported $100
billion more than it bought from overseas in the first six months
of this year, state-run Xinhua News Agency said last night,
citing the National Bureau of Statistics' chief economist. Wei
today declined to confirm the $100 billion first-half surplus.


Read more at Bloomberg Emerging Markets News

No comments: