China's trade surplus to exceed $90 billion

China’s trade surplus to exceed $90 billion

China's Ministry of Commerce expects the country's trade surplus to surpass $90 billion for 2005. The ministry also indicates that China's two-way foreign trade will reach $1.4 trillion this year. China's exports are forecasted to increase 30 percent year on year to $750 billion in 2005, while imports are projected to rise 18 percent to $660 billion. China saw a trade surplus of $60.2 billion in the first eight months of 2005. The $10 billion surplus in August was the third highest on record. Analysts suggest that the upward trend in trade may prompt the foreign pressure for a rise in the value of the yuan and could strain relations with trading partners.