Space Travel News  
TRADE WARS
China's current account surplus up 25% in 2010

by Staff Writers
Beijing (AFP) Jan 31, 2011
China's current account surplus surged 25 percent on year in 2010, official data showed Monday, marking a strong rebound in demand for Chinese-made products following the global financial crisis.

The current account surplus -- the broadest measure of trade with the world -- reached $306.2 billion last year, the State Administration for Foreign Exchange said on its website.

In 2009, as US and European demand for Chinese exports slumped, the country's current account surplus fell 35 percent to $284.1 billion.

That figure has been revised, a SAFE official was quoted by Dow Jones Newswires saying, explaining the 25 percent year-on-year rise in 2010.

In the fourth quarter, the current account surplus rose 13 percent from the previous year to 102.2 billion dollars, almost unchanged from the third quarter, the figures showed.

While rising demand for Chinese goods boosts growth in the world's second largest economy, it also means the central bank has to work harder to control the value of the yuan and to stem the flood of liquidity, which has been fuelling inflation.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
Fitch cautious on China banks
Singapore (AFP) Jan 31, 2011
Fitch ratings agency on Monday voiced doubts about the weakening credit profiles of banks in China as Beijing ramps up efforts to tame inflation and cool its booming property sector. Fitch said its general outlook for Asia-Pacific banks this year was "stable", reflecting the agency's expectations for slower but healthier regional growth this year. "Where Fitch has somewhat cautious views ... read more







TRADE WARS
First Delta IV Heavy Launches From Vandenberg

Beaming Rockets Into Space

Arianespace Announces Eutelsat Contract

ATM Is Readied For Its February Launch On Ariane 5

TRADE WARS
New images of martian moon released

DLR Researchers Simulate The Martian Atmosphere

The Southern Hemisphere Of Phobos, Up Close

Chinese Astronaut Performs Well In Mars-500 Project

TRADE WARS
Draper Commits One Million Dollars To Next Giant Leap's Moon Lander

Lunar water may have come from comets - scientists

Moon Has Earth-Like Core

The Hunt For The Lunar Core

TRADE WARS
Launch Plus Five Years: A Ways Traveled, A Ways To Go

Mission To Pluto And Beyond Marks 10 Years Since Project Inception

TRADE WARS
Inclined Orbits Prevail

Inclined Orbits Prevail In Exoplanetary Systems

Planet Affects A Star's Spin

Kepler Mission Discovers Its First Rocky Planet

TRADE WARS
Japanese rocket puts cargo into orbit

Indonauts Must Wait For A Better Rocket

Canada says it could build launch rockets

ISRO Scanning Data For GSLV Flop

TRADE WARS
Slow progress in U.S.-China space efforts

China Builds Theme Park In Spaceport

Tiangong Space Station Plans Progessing

China-Made Satellite Keeps Remote Areas In Venezuela Connected

TRADE WARS
More Asteroids Could Have Made Life's Ingredients

NASA Spacecraft Prepares For Valentine's Day Comet Rendezvous

NASA Radar Reveals Features on Asteroid

A Look Into Vesta's Interior


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement