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China Trade Surplus With West Still Rising |
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By DAVID BARBOZA
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SHANGHAI, May 1 - China's global exports soared in the first
quarter of this year, allowing the country to rack up huge
trade surpluses with the United States and western Europe,
according to detailed trade data released late last week by
Chinese customs officials. Chinese exports in the quarter rose to $155 billion, up 35 percent from about $116 billion a year ago. According to the figures, which were analyzed by Global Trade Information Services in Columbia, S.C., China continues to run a big trade deficit with Asian trading partners like Japan, Taiwan and South Korea, as well as several oil exporting countries. But its surpluses with the United States and Europe are rapidly widening. China's trade surplus with the United States jumped to $21 billion in the first three months of the year, up from about $12.4 billion a year ago - a 73 percent increase. The Chinese statistics are different from those released by the United States, which generally show much larger trade gaps. Last year, the United States government said that China had a $162 billion trade surplus with the United States, the largest ever recorded. |
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