Economy
China's 2011 trade surplus may drop to $100b
Updated: 2011-05-16 14:18
(Xinhua)
BEIJING -- China's trade surplus may drop to around $100 billion in 2011, the China Securities Journal quoted a central bank advisor as saying in a Monday report.
Li said in the report that the country's trade surplus is likely to decrease to $120 billion or even $100 billion by the end of the year, compared with 2010's trade surplus of $180 billion.
Li said that he expects the proportion of China's trade surplus to its gross domestic product (GDP) to drop below 2 percent this year and suggested that the government should make an effort to reduce the ratio, according to the report.
China's trade surplus rose to $11.43 billion in April after registering a trade deficit of $1.02 billion from January to March this year, the first quarterly trade deficit in six years, according to the General Administration of Customs.
Specials
The song dynasty
There are MORE THAN 300 types of Chinese operas but two POPULAR varieties are major standouts
Sino-US Dialogue
China and the US hold the third round of the Strategic and Economic Dialogue from May 9-10 in Washington.
Building communities
American architect John Portman and his company have developed more than 30 projects across China.