{"id":348600,"date":"2010-02-22T05:44:51","date_gmt":"2010-02-22T10:44:51","guid":{"rendered":"http:\/\/www.businessinsider.com\/china-trade-soars-2010-2"},"modified":"2010-02-22T05:44:51","modified_gmt":"2010-02-22T10:44:51","slug":"china-trade-surplus-shrinks-64-as-foreign-imports-soar","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/348600","title":{"rendered":"China Trade Surplus Shrinks 64% As Foreign Imports Soar"},"content":{"rendered":"

China’s foreign trade rebounded strongly in January, jumping 44.4% year over year.<\/p>\n

But while exports leaped 21%, imports actually soared an even higher 85.5%. This means that China’s trade surplus actually shrunk by nearly 64%. It’s just a month’s data and there could be a partial seasonal excuse, but given relative economic weakness globally vs. China, perhaps this is pointing to a longer-term contraction of China’s surplus and continued progress towards a domestic consumption-driven economy. Note that January’s trade surplus of $14.16 billion, even if annualized to $170 billion (though we realize China trade is seasonal), is tiny relative to China’s $4.33 trillion<\/a> GDP.<\/p>\n

Chart via China Daily:<\/a><\/p>\n

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