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The news of China’s meteoric increase in trade surplus for the first two months of 2007 took even Chinese trade officials by surprise. Traditionally the country’s trade surplus only peaks in the second half of the year, along with the rising demand of the international market. The Chinese Customs Administration has disclosed the nation’s trade statistics for January and February, which show exports rose to $168.71 billion and imports $129.1 billion in February, up 51.7 percent and 13.1 percent respectively, leaving a trade surplus of $23.757 billion, growing almost tenfold from the same period in 2006.
The news of China’s meteoric increase in trade surplus for the first two months of 2007 took even Chinese trade officials by surprise. Traditionally the country’s trade surplus only peaks in the second half of the year, along with the rising demand of the international market. Chinese Customs Administration has disclosed the nation’s trade statistics for January and February, which show exports rose to $168.71 billion and imports $129.1 billion in February, up 51.7 percent and 13.1 percent respectively, leaving a trade surplus of $23.757 billion, growing virtually tenfold from the same Period in 2006.