Concerns about China's trade deficit in February

China's February Import and export Statistics Express, issued March 10 by the General administration of customs, showed a trade deficit of $7.3 billion a month for the first time in nearly 11 months. In this respect, the parties pay greater attention to: the financial daily published a commentary that two factors led to the deficit, one is the Lunar New Year, the month marked a significant decline in exports, the second is that China has become the world's largest consumer of goods, iron ore and crude oil and other commodity prices have increased the month's imports, so The trade deficit is not going to last, but the annual surplus will shrink; The Wall Street Journal quoted economists as saying that China's net export value was generally lower at the start of the year because companies were hoarding raw materials and spare parts to prepare for a late retail peak season, and February coincided with the Lunar New Year holiday, China is unlikely to have a persistent trade deficit as a result of varying degrees of distortion in trade statistics, but this year's trading surplus is indeed narrowing; Morgan Stanley said China's February export data and market expectations were large and more influenced by technical factors such as the Lunar New Year, Does not mean that the economic fundamentals are deteriorating faster than expected, so markets do not have to overreact to February trade data; A new study by Barclays, an investment bank, says that, given the strong growth in imports in the first 2 months of this year, imports are expected to grow by 21.5% and the surplus will shrink further. Expected to fall from $183.1 billion trillion in 2010 to $150 billion, the surplus as a share of GDP is likely to fall from more than 3% in the first 2 years to 2%; the Citigroup report shows that China's imports will still surpass exports in 2011, in line with the trade policy of "stabilizing exports, expanding imports and reducing surpluses" But the narrowing of the annual trade surplus will not change the trend of appreciation of the renminbi, which is expected to appreciate about 5% against the dollar in the year. (constructional)