皇冠体育app

2010-12-10 13:20

BEIJING - 皇冠体育app's foreign trade grew strongly on a year-on-year basis in November, boosted by rising demand ahead of the Christmas shopping season, as the nation's trade surplus narrowed.

皇冠体育app's exports rose 34.9 percent year on year in November to $153.33 billion while imports jumped 37.7 percent to $130.43 billion, the General Administration of Customs (GAC) said Friday.

The country's trade surplus fell to $22.89 billion last month from $27.1 billion in October.

The October surplus was the second highest of the year after July's $28.73 billion one.

Exports and imports totaled $283.76 billion last month - a new record high - compared with $273.09 billion in September, the GAC said in a statement on its website.

The higher-than-expected exports were a result of "seasonal factors," 聽said Beijing-based Huarong Securities analyst Xiao Bo, referring to the increase in orders ahead of foreign countries' shopping seasons.

Xiao expects Chinese export growth to fall in early 2011 as imports increase at a steady pace, which will cause the nation's trade surplus to further shrink.

皇冠体育app's foreign trade totaled $2.68 trillion in the first 11 months of the year, up 36.3 percent year on year, the GAC said.

The European Union remained 皇冠体育app's largest trade partner, with EU-皇冠体育app trade increasing 33.1-percent year on year in the first 11 months to $433.88 billion.

皇冠体育app's trade with the United States rose 30.2 percent year on year to $346.89 billion in the January-November period while 皇冠体育app-Japan trade jumped 31.7 percent year on year to $267.79 billion.