Trade Surplus Hits US$26.3 Billion in November

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According to the LA Times, the trade surplus for November is another big one:

    “China on Tuesday reported another month of huge exports for November, bringing the nation’s total trade surplus this year with the rest of the world to a record $238 billion.

    …In November, China’s exports totaled $117.6 billion and imports $91.3 billion, according to Chinese customs’ statistics. The resulting $26.3-billion surplus was the third-highest monthly figure on record.

    For the first 11 months of the year, China’s trade surplus with the U.S. totaled $149 billion, up 14% from a year earlier, about half the pace of growth of 2006. Even so, American policymakers and businesspeople have persistently pressed Beijing to allow its currency to rise faster, saying the yuan remains significantly undervalued and gives Chinese exporters an unfair advantage in selling goods to the U.S. market.”

December’s figures, when the come, are unlikely to offer any Christmas cheer to US and EU trade officials.

See news source:

    China trade surplus reaches record $238 billion
    Los Angeles Times – CA,USA
    SHANGHAI — China today reported another month of huge exports for November, bringing the nation’s total trade surplus this year with the rest of the world …

One Response to “Trade Surplus Hits US$26.3 Billion in November”

  1. thankfultobefree Says:

    As the trade deficit between the United States and China continues to increase, should Americans be worried? Or should they be cheering China’s trade liberalization and enjoying the bargains?

    The Hoover Institution has just released “The U.S.-China Trade Deficit: Reason for Worry?” It’s a good summary of the China-U.S. trading arrangement, and it addresses both benefits and concerns about the relationship as expressed by both Chinese and American parties.

    http://www.hoover.org/research/focusonissues/focus/12436706.html

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