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China trade surplus to continue to narrow: Xinhua

Posted on 13 August 2012

China’s trade surplus will continue to narrow in August, as export growth is likely to stay weak, the official Xinhua New Agency reported Sunday, citing a report by Bank of Communications Co, the country’s fifth largest bank by assets.
“Given the grim prospects for global economic recovery, the country’s exports in August will fall from one month earlier, and year-on-year export growth will remain low,” Xinhua the report issued by the Financial Research Center of Bank of Communications as saying, adding that “China is likely to run a surplus of around $150 billion this year.”……………………………………….Full Article: Source


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