China's First-quarter Trade Deficit In Six Years

Online, April 16, 2011 (Newswire.com) - China Bureau of Statistics announced on the 15th of macroeconomic data. In the first quarter gross domestic product (GDP) grew 9.7%, the national economy maintained steady and rapid growth, while foreign trade is the first quarterly deficit in six years.In addition, the consumer price index (CPI) rose 5% in the first quarter, setting a new high recently, but in March there was a slight decline in the chain. It is reported that, china bulk wholesale electronics company (http://www.vornline.com/) vornline analyst said, there is no current economic stagnation. In the first half and even the year with a very small possibility of stagflation.

According to informed source from China wholesale vornline, because the main indicators from the first quarter, economy since late last year continued the trend of steady and rapid growth, showing stabilize the economy, employment increases, prices controlled, increase efficiency, improve people's livelihood, the characteristics of a good start.

In addition, the CEO of cheap electronics wholesale company and dropship supplier Vornline Ltd pointed out, it is noteworthy that in the first quarter, China's quarterly trade deficit for the first time. Data show that a quarter of total imports and exports 800.3 billion U.S. dollars, up 29.5%, with exports up 26.5% and imports rose 32.6%, the deficit reached 10 billion U.S. dollars.This shows that China's foreign trade import and export structure towards basic balance in the direction of development.

Trend of China's economic performance this year, China wholesale (http://www.vornline.com/) epathChina analyst, said: Although the Chinese national economy maintained steady and rapid growth, but the impact of economic operation of the uncertain and unstable factors still more. Should further deal with maintaining stable and rapid economic development, structural adjustment and management relations inflation expectations in the future, and consolidate the current good momentum of economic development.