China's trade deficit with Asia countries and then expanded

General 13, published data show that September, the month in which China's trade surplus of $ 168.8 link over the previous month decreased 15.7 percent, down to the lowest level since may, and lower than the previous media survey estimated 180 billion in value. To this end, the industry analysis that China's trade surplus narrowed further or will be, but in China to Japan and ASEAN countries, the trade deficit is also in the fourth quarter is continuing to expand.

Customs statistics, on the one hand I on the European Union, the United States trade surplus narrowed to continue; on the other hand on Japan and ASEAN trade deficit continues to expand. Of these, I Japan deficit 414.4 billion, an increase of 82.2%; on ASEAN trade deficit 122.5 billion, while the trade deficit during the same period in 2009, only 9 million.

Department of State Development Research Center of foreign economic Vice Minister Zhao Jin Ping this reporter's interview analysis pointed out that China's trade surplus narrowed further as a whole, and the exchange rate changes and market demand. Based on these two changes, Zhao Jin Ping forecast fourth-quarter I on Japan and ASEAN and other Asian countries, the trade deficit will further enlarge, for Europe and the United States and other countries of surplus narrowed momentum will be maintained for a longer time.

Zhao Jin Ping that deficit expansion of indicates the degree of economic recovery in China has exceeded other trading partners. In Japan, for example, during the third quarter of this year, Japan's economic resurgence of small drop in its domestic market demand clearly cannot keep pace with the speed, and thus its China import slowdown, export increase. Customs data is further indicated that the current trend of China's foreign trade has been significantly better than the financial crisis levels.

The ASEAN, in addition to the Chinese market needs strong, resulting in the expansion of demand for imports of raw materials, China and ASEAN intrinsic economic and trade relations of complementarity is important constantly enlarge the deficit. Over the years, oil, natural rubber, and other raw materials are ASEAN exports to China's important categories. "At the same time, the Renminbi exchange rate continues to move up, China on the ASEAN trade deficit will be further amplified. "Zhao Jin Ping that Japan is not, because of the yen against the dollar has been high, unless some events of factors are to continue to zoom in, otherwise in Japanese economic and trade relations will remain" steady state ". But to a certain extent, and market demand factors will help to push Japan's trade surplus of capacity.

Zhao Jin Ping also believes that the fourth quarter of this year will be China's trade surplus narrowed further, deficit further expanded, the trade balance with our promotion of relevant policies have greater relevance.

Prior to this, the Chinese Central Bank Vice President openly stated prise, to improve the global imbalance, China in the next few years to further lower trade surplus in the proportion of the Chinese economy. He also pointed out that China is developing policies, plans for 3 ~ 5 years time will trade surplus of GDP from 2009 5.8% to 4%. In his view, such an adjustment is necessary, "but China is committed to doing their duty. ”