Bai Cheng Investment Forecast annual trade surplus 130 billion

Shanghai Bai Cheng Investment advisory chief macroeconomic analyst Cai also said September 10, China's August import and export data overall performance is stable, in line with previous expectations, export slowdown, a slight hint of worry, import growth rate, showing domestic demand warmer.　　Cautiously optimistic about imports for the year, with conservative forecasts of a 2010 trade surplus of 130 billion.　　According to the August Import and export statistics released by the General Administration of customs, 10th, China's trade surplus of 20.03 billion U.S. dollars in August, compared to the month-on-month decline of 30.4% last month, the month's export growth slowed 3.7%, imports year-on-year growth than last month 12.5%. Cai also said in an interview to the first Financial Secretary, the August exports than the absolute value of exports in July reduced by more than 5 billion U.S. dollars, in the West should be the second half of the procurement season began, but some decline, it is worth vigilance.　　He stressed, however, that it was not possible to judge whether it was an inflection point in the year for the August data alone, as the new export Order index in August PMI figures rebounded, indicating a pick-up in exports, while the West's buying season began in the second half, with exports usually better in the second half.　　For August imports, Cai also said the August import recovery shows domestic demand is picking up, which was confirmed in the August PMI index rally. And for the recent official statement to increase imports, he said, this is only the government's directional policy, short-term import promotion is limited.