China''s trade surplus hits $157 billion; November surplus at record $22.9 billion
11 Dec 2006
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.
The aggregate trade surplus at $156.521 billion till November dwarfs the $102 billion for the whole of 2005.
November 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.
Aggregate 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.
The 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.
