China's trade surplus in the GDP is expected to drop to 3 per cent improvement in the trade balance

With the stimulation measures continuously thinning imports, raise, China's foreign trade surplus with the gross domestic product (GDP) ratio for the year is expected to drop to 3%, the trade balance will be further improved, the appreciation of the Renminbi pressure will also be mitigated. Yesterday the National Committee of the 21st century Forum hosted by 2010, the Central Bank's monetary policy Committee, the Director of Tsinghua University in China and the world economy, David in this interview, said that his organization accounting, China's GDP is expected to reach this year 5 trillion-5.2 trillion, the trade surplus is expected to drop to 120 billion-1500 billion trade surplus of GDP, the highest point of this front will be at 10% to 3%.

For the trade balance, economists generally agree that the current account balance-of-proportion of the GDP in positive and negative 5% in the case of basic close to balance. China's trade surplus last year, the proportion of the GDP is 5.7%, as can achieve 3% ratio, meaning that our trade balance has been further improved.

Since 2006 the central economic work Conference "while maintaining reasonable export and foreign investment growth, actively expand import", China's foreign trade strategy began to adjust, in maintaining export growth, more emphasis on expanding imports. Into 2010, imports, trade balance is becoming the focus of foreign trade policy.

As in recent years the expansion of import policy continually raise our trade surplus for 2009 has been reduced to 1960.7 billion in March of this year is a 6-year monthly deficit for the first time. Department of Commerce press spokesman, said Yao Jian earlier this year, China's trade policy objective is to continue to promote exports stable growth while further change in the trade balance, "is expected to decrease in trade surplus by $ 100 billion last year, this year will continue to decrease by $ 100 billion.

Department of Commerce's international trade and economic cooperation between the Institute of international market research section, Bai also said that the first 7 months of China's import growth rate higher than exports, Europe loan crisis affecting export growth and the emergence of deficit in March will, to some extent, the reduction of trade surplus in China this year. "The 3 factors, China's trade surplus with the proportion of GDP this year is expected to drop to around 3%. "

"Return to trade balance contributed to China's changing economic growth, changes in economic development is primarily dependent on exports of the status quo. In addition, a large trade surplus will revalue, detrimental to the overall economic development, trade balance will effectively improve the situation. "Bai said.