China's Foreign Trade By The Clockwise Reverse, Or Would Push Up Imported Inflation

Online, April 16, 2011 (Newswire.com) - China Customs report on the first quarter of this year, 1.02 billion trade deficit with China, the data released to the international attention. Long-term driven by external demand has been China's trade balance? In complex domestic and international economic situation, the deficit is a positive signal or a cause for concern? In this regard, the industry talking about.

import price pressure is greater than the outlet pressure

China's import and export value in the first quarter of 800.3 billion U.S. dollars, up 29.5% over last year, of which, exports 399.64 billion U.S. dollars, up 26.5%; imports 400.66 billion U.S. dollars, up 32.6%; in the first quarter trade deficit of 1.02 billion. This is the first time in 6 years-quarter trade deficit. The first quarter of last year, China's trade surplus was 13.91 billion U.S. dollars.

By RMB appreciation and the impact of inflation, the domestic market, many foreign trade enterprises reflect increasingly difficult to export. However, a quarter of China's exports continued to maintain a growth rate of 29.5% year on year.Second, commodity price increases momentum. This momentum to China's import costs rise significantly. Crude oil, iron ore, copper, soybeans and other essential economic energy, materials, prices have soared over the past year to promote the first quarter, up 32.6% year on year growth rate of imports.

Despite the changes reduce the trade surplus is the general trend of economic development model has been two consecutive years --- imports grew faster than exports before last two years, but the trade deficit is still not ruled out the formation of seasonal factors.

The bulk China eletronics wholesale company and discount electronics store Vornline CEO james analyzed that the global balance for China to reduce foreign exchange reserves, will reduce demand for U.S. Treasury bonds and RMB at least the basis of money supply.