Center

Trade surplus rises despite effort

(China Daily)
Updated: 2007-02-13 09:10

But that does not mean China's attempts to cut the surplus are futile.

"The surplus would have been even bigger without these efforts," he said.

He added that some local governments still regard export growth and foreign investment inflows as major criteria to measure achievements, which counteract the policies of the central government.

Total trade volume reached $157.36 billion last month, up 30.5 percent year-on-year. Imports rose 27.5 percent to $70.74 billion, and exports increased 33 percent to $86.62 billion.

The European Union, the United States and Japan remain the top three trade partners of the country while India surpassed Canada to become the 10th biggest.

Processing trade increased 25.7 percent year-on-year to $70.7 billion while general trade increased 33.2 percent to $71.12 billion.