‘China’s trade surplus to drop in second half’
A report from
China's State Information Center emphasizes that
China's trade surplus is expected to fall in the second half of the year as the gap between imports and exports narrows.
While
China's exports are expected to be up 22 percent year on year in the second half, the growth represents a noticeable drop from the 33 percent year on year increase recorded in the first half. Furthermore, imports are predicted to grow 18 percent year on year in the second half, a slight increase over the first half's 14 percent year on year rise. Both of these factors led the State Information Center to conclude that
China's trade surplus would drop from $39.6 billion in the first six months of the year to $30 billion in the second half.
Among the factors cited by the agency for the expected decline in the surplus are the appreciation of the Yuan, the slowdown in the world's economy and slower growth in foreign investment.