Balance of Trade

China’s September trade surplus down almost 45pc

China's exports fell 0.3 per cent year-on-year to US$185.64 billion last month, while imports increased 7.4 per cent to US$170.44 billion. Photo: Xinhua

China’s trade surplus narrowed to a disappointing US$15.2 billion (HK$117.9 billion) in September from US$28.6 billion in August, representing a 44.7 per cent drop, customs figures showed on Saturday.

Saturday, 12 October, 2013, 2:07pm

Wen demands lift of EU arms embargo at summit

Premier Wen Jiabao attends the 15th China-EU Summit in Brussels. Photo: Xinhua

Chinese Premier Wen Jiabao demanded the European Union lift a more than two-decade arms embargo against Beijing as the two global giants kicked off a summit on Thursday.

20 Sep 2012 - 9:42pm

US rolls out welcome mat for Chinese

The United States government is betting on an expected influx of mainland tourists to boost its economy and employment in the next four years.

21 Jul 2012 - 12:00am

Trade surplus set to exceed last year's

The mainland's trade surplus this year is likely to exceed that of last year, making it tougher for the government to balance trade and avoid friction with trading partners.

Ministry of Commerce spokesman Shen Danyang said yesterday that a higher trade surplus was probable as imports were expected to weaken more than exports.

18 Jul 2012 - 12:00am

China holding up better than monthly figures imply

Flagging demand saps China's trade

SCMP headline, July 11

There is a certain peculiarity of economic statistics that can really help journalists out on a slow news day. The oddity is that they rarely show smooth changes of trend. They tend instead to go up and down erratically from month to month.

12 Jul 2012 - 12:00am

China's weak trade data fuels concerns

China's foreign trade decelerated sharply in April, with both export and import growth falling well short of expectations. That raises fresh concerns about a hard landing for the world's second-largest economy amid weakening global demand.

11 May 2012 - 12:00am

Return to trade surplus a surprise

China unexpectedly returned to a trade surplus last month as exports grew more quickly than expected and import growth eased from a 13-month high.

11 Apr 2012 - 12:00am

Pledge to keep the US dollar peg promises a volatile future

A great sigh of relief went up from Hong Kong's business community yesterday, when incoming chief executive Leung Chun-ying said he wouldn't change the city's currency peg to the US dollar.

29 Mar 2012 - 12:00am

10-year high for trade deficit

China recorded its biggest trade deficit in a decade last month as imports grew much faster than exports amid uncertainties in the global economy, according to official data.

Analysts said the weak export performance came on top of disappointing economic data released on Friday, and raised the likelihood of more monetary easing by Beijing soon.

11 Mar 2012 - 12:00am

Home truths about trade with China

'We want to work with China to make sure everybody is working by the same rules of the road when it comes to the world economic system. That includes ensuring that there is a balanced trading flow not only between the United States and China but around the world.'

US President Barack Obama

SCMP, February 15

16 Feb 2012 - 12:00am

Unease at January trade data

China's exports and imports both fell last month for the first time in more than two years, adding to fears that the world's second-largest economy is heading for a slowdown.

But some economists noted shipments were disrupted by the week-long Lunar New Year holiday and said the trade situation may not be as bad as its looks.

11 Feb 2012 - 12:00am

Rising costs to hit China's FDI rate

Foreign direct investment in China grew at a faster pace last month than in September, but many economists expect a marked slowdown for the foreseeable future.

17 Nov 2011 - 12:00am

Apple's China sales show why US trade warriors are wrong

China is now the second-largest market in the world for California-based technology company Apple.

In China, iPhones and iPads are selling faster than hot cakes. According to chief executive Tim Cook, Apple's sales in the country have jumped fourfold over the last 12 months to hit US$4.5 billion in the quarter just ended. That's 16 per cent of the company's worldwide sales.

20 Oct 2011 - 12:00am

Yuan under pressure as trade surplus rises 41pc

China's trade surplus in July grew faster than expected to US$31.5 billion, up 41 per cent from June's US$22.3 billion, China Customs data released yesterday showed.

11 Aug 2011 - 12:00am

China trade surplus up as imports slow down

China posted a much wider than expected trade surplus last month on the back of slower than expected growth in imports, thanks to moderating domestic demand, falling commodities prices and supply chain disruptions caused by Japan's earthquake in March.

11 Jul 2011 - 12:00am