Trade surplus may reach US$120-130b
(XFN-ASIA)
Updated: 2006-06-26 09:38
China's trade surplus is expected to reach US$120-130 billion this year,
the official China Securities Journal reported, citing Bi Shengquan, vice
director of the National Development and Reform Commission (NDRC).
Bi recommended that adjustments be made to the country's export rebates and
resource tax policies in order to reduce the size of the surplus.
Last Friday, Zhai Zhihong, an official at the Trade and External Economic
Relations Statistics department of the National Bureau Statistics (NBS), said
that China's trade surplus may exceed US$100 billion this year.
For the first five months the surplus grew 41 percent year-on-year to
US$46.79 billion, with a record monthly trade surplus of 13.0 bln usd
recorded in May.
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