Bank of communications: March Year-on-year growth in imports and exports will rebound

"Financial network," the reporter Hu Junying March 10, the Bank of Communications (601328.SH/03328.HK) Financial Research Center released a study, said the March, exports are expected to rebound year-on-year growth, the trade deficit may be eased, may still maintain the trade deficit status. According to customs statistics, China exported 96.74 billion U.S. dollars in February 2011, an increase of 2.4%, down 35.3% from 37.7% in January. The report said that due to the disappearance of short-term seasonal factors, the main reason for the sharp fall in exports in February is the Spring Festival holiday stoppage and other short-term seasonal factors. After entering the March, the export enterprises will return to the resumption of business, export scale and year-on-year growth would also rebound. In addition, the accelerated economic recovery in the external developed countries, particularly the U.S. economic recovery, further confirmed that future exports to the traditional developed countries and regions may increase.　　Exports are expected to rebound year-on-year growth in March. Imports, imports of 104.04 billion U.S. dollars in February, an increase of 19.4%, the report pointed out that the import demand from domestic economic growth, the end of the spring festival, domestic enterprises to produce import demand will remain strong, in terms of international import costs, domestic commodity imports maintain a relatively fast growth, International commodity prices continue to record new highs, as of the end of February, the CRB spot index up to 565.78 points, the overall import costs will remain high; Finally, the government gradually implemented "export stability, expand imports, reduce the surplus" policy measures, and with the developed countries to sign a large-scale purchase contract, This will improve the size of China's imports of High-tech and electromechanical goods.　　March Imports Year-on-year growth has rebounded. In addition, as imports year-on-year growth fell less than exports. From January 2011 to February 2011, exports fell by a large 53.994 billion of billions of dollars, while imports slid 40.233 billion of dollars, with a trade deficit of $7.3 billion trillion, the first trade deficit since last March. The report argues that the March trade deficit is expected to be eased, but as the February trade deficit was largely linked to the seasonal effects of the Spring Festival, the export scale and year-on-year growth should rise after the March export enterprises resumed their return. On this basis, the trade deficit may improve. But given last March's deficit of $7.2 billion trillion, historical data show that 2-April was a period of lower trade surpluses during the year. "The trade deficit may still be maintained in March."　　"In the future emerging market countries will still face higher inflationary pressures, policy tightening continues, and the recovery process in developed countries may be further differentiated, the U.S. economic recovery will accelerate, China's future trade environment facing a complex international environment." (Stock market Weekly feeds)