China recorded a trade surplus of more than a third of U.S. $ 20 billion. This highlights the friction with the United States over claims the undervalued currency.
China's trade surplus reached more than U.S. $ 20 billion in August 2010, earlier than the same period amounted to U.S. $ 15.7 billion. According to China's customs bureau on its website.
Meanwhile, Bloomberg News survey estimates of 34 economies was U.S. $ 26 billion. Exports increased by 34.4%, while imports grew more than 35.2%. Similarly, as quoted from Bloomberg, Friday (10 / 9).
Reports today will stoke the American parliament calls for protection of China's imports. The U.S. House Committee on Way and will discuss China's currency policy. This is done after Prime Minister Wen Jiabao said the government restrict Yuan gains of less than 1% against the dollar.
Cititigroup Inc. economist Ken Peng said, the Yuan has been slow and the approach of mid-term U.S. elections, tensions will heat up. "Officers may face a confrontation over China's Yuan in the forums, including meetings of the International Monetary Fund and the Group of 20 countries in the coming months," he said.
Meanwhile, economists predicted an increase in exports 35% and profits 27.5% in inbound shipments.
Treasury Secretary Timothy F Geithner said, not wanting to let the U.S. dollar to move fast, though it wants China's currency move fast. Signs of slowdown in U.S. economy and the global recovery, has raised concerns about the prospect of shipping from China, the world's largest pengeskpor country.
China's Foreign Ministry said that external pressure will not dictate policy yuan. This is expressed as the President of Economic Advisors President Barrack Obama's visit to Beijing this weekend. Meanwhile, China's Commerce Minister Chen Deming said, declining commodity prices and
U.S. export restrictions have contributed surplus higher than expected. He expects, the annual total is less than last year amounted to U.S. $ 196 billion.
Nomura Holdings Inc. economists said Sun Chi, Chinese imports can be recovered because the government increased domestic investment to sustain and complement the company's growth. As is known, China's economic growth slowed to 10.3% in the second quarter of 2010 from approximately 11.9% the previous quarter. This is because the government cut its loan growth from last year's record of U.S. $ 1.4 trillion on property speculation.
China's trade surplus reached more than U.S. $ 20 billion in August 2010, earlier than the same period amounted to U.S. $ 15.7 billion. According to China's customs bureau on its website.
Meanwhile, Bloomberg News survey estimates of 34 economies was U.S. $ 26 billion. Exports increased by 34.4%, while imports grew more than 35.2%. Similarly, as quoted from Bloomberg, Friday (10 / 9).
Reports today will stoke the American parliament calls for protection of China's imports. The U.S. House Committee on Way and will discuss China's currency policy. This is done after Prime Minister Wen Jiabao said the government restrict Yuan gains of less than 1% against the dollar.
Cititigroup Inc. economist Ken Peng said, the Yuan has been slow and the approach of mid-term U.S. elections, tensions will heat up. "Officers may face a confrontation over China's Yuan in the forums, including meetings of the International Monetary Fund and the Group of 20 countries in the coming months," he said.
Meanwhile, economists predicted an increase in exports 35% and profits 27.5% in inbound shipments.
Treasury Secretary Timothy F Geithner said, not wanting to let the U.S. dollar to move fast, though it wants China's currency move fast. Signs of slowdown in U.S. economy and the global recovery, has raised concerns about the prospect of shipping from China, the world's largest pengeskpor country.
China's Foreign Ministry said that external pressure will not dictate policy yuan. This is expressed as the President of Economic Advisors President Barrack Obama's visit to Beijing this weekend. Meanwhile, China's Commerce Minister Chen Deming said, declining commodity prices and
U.S. export restrictions have contributed surplus higher than expected. He expects, the annual total is less than last year amounted to U.S. $ 196 billion.
Nomura Holdings Inc. economists said Sun Chi, Chinese imports can be recovered because the government increased domestic investment to sustain and complement the company's growth. As is known, China's economic growth slowed to 10.3% in the second quarter of 2010 from approximately 11.9% the previous quarter. This is because the government cut its loan growth from last year's record of U.S. $ 1.4 trillion on property speculation.
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