Fiscal new survey: February trade surplus expected to narrow to 4.38 billion U.S. dollars

Affected by seasonal factors, import and export growth in February may be significantly reduced "Caixin net" (reporter Chen) economists expect that in February 2011, China's trade surplus will continue to narrow the January trend.　　According to the financial and new media to the domestic and foreign securities companies, commercial banks research departments of the questionnaire, 18 feedback economists, most of the expected February China's import and export growth fell back from January, the trade surplus forecast average of 4.38 billion U.S. dollars, compared with the January 6.5 billion U.S. dollars continue to narrow.　　The general administration of Customs will release the February import and export data on Thursday (March 10).　　Wang Tao, China's chief economist for UBS Securities, said the growth in imports and exports would decrease in February due to seasonal factors.　　18 economists averaged 24.9% per cent year-on-year growth in exports in February, down 12.8% from January, and an average of 31.3% for imports year-on-year, compared with 19.7% in January.　　Among them, the lowest forecast of Mizuho Securities Greater China chief economist Shen said, based on the February no longer "grab" "Rob" phenomenon, and the spring Festival long holiday shutdown effect, China's February exports are expected year-on-year growth of only 2%, import growth of 10%. Most economists believe the trend will continue as labour and raw material costs continue to rise, following a sharp reduction in the trade surplus to $6.45 billion trillion in January.　　The 18-bit economics forecast for the February trade surplus was $4.5 billion trillion.　　China's export growth is likely to fall this year as a result of risk factors in the global economic recovery and rising domestic labour and raw material costs, Commerce Minister Chen Deming said at a news conference March 7. He also said that the increase in imports would be faster and faster than exports this year, thanks to accelerated structural adjustment and optimization, while advancing the FTA strategy and speeding up the implementation of import facilitation measures. "Initially, we are likely to see a further decline in our trade surplus as a share of GDP this year, which may improve, and not rule out a trade deficit for individual months," he said.