Trade surplus of US$15.5b seen
(Shanghai Daily)
Updated: 2007-02-08 16:27 China will probably post a
US$15.5 billion trade surplus in January, pumping more cash into the economy and
fueling speculations that the yuan will get stronger.
The
gap narrowed from US$21 billion in the previous month, according to the median
estimate of 20 economists surveyed by Bloomberg News. Exports probably rose 25
percent in January from a year earlier and imports gained 16.4 percent. China's
surfeit of exports over imports has flooded the economy with cash. The yuan has
climbed 4.3 percent against the US dollar since China scrapped a decade-long peg
in July 2005, revalued it by 2.1 percent and allowed it to trade against a
basket of currencies.
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