Mumbai: China''s trade surplus rose to a record
$22.9 billion in November, taking the year''s total surplus
to an all-time high $156.52 billion, latest figures
released by the customs department showed.
aggregate trade surplus at $156.521 billion till November
dwarfs the $102 billion for the whole of 2005.
foreign trade rose 26.1 per cent to $168.788 billion,
with exports rising 32.8 per cent to $95.854 billion
and imports rising 18.3 per cent to $72.933 billion.
exports in the first 11 months surged 27.5 per cent
to $875.042 billion, while aggregate imports climbed
20.6 per cent to $718.522 billion.
Chinese leadership, last week, had pledged to redouble
efforts at balancing international payments through
increased imports and overseas investments, while maintaining
rational export growth and
use of foreign investment.
The Chinese customs administration also fine-tuned its
preliminary statistics on accumulated imports and exports
in the latest update.