Last month's 4-month surplus hit currency and inflation trends

Prior to October import and export exceeded last year (reporter Liu Ying flower) According to customs statistics, this January-October, China's import and export value of 2,393,410,000,000 U.S. dollars, compared with the same period last year, an increase of 36.3%, import and export scale has exceeded last year's level. China's trade surplus hit a new high of four months in October, to $27.1 billion trillion, well above $16.9 billion in September.　　The market is concerned that this will put greater pressure on the renminbi's appreciation. Industry analysis, higher than the market expectations of the trade surplus data will inevitably have greater pressure on the renminbi exchange rate.　　At the same time, the liquidity caused by the trade surplus does not help ease the inflation situation.　　Market analysis surplus can aggravate inflation the above data shows that the overall stability of China's import and export situation, but because the import power is still insufficient, resulting in the month surplus expansion, may make the renminbi appreciation pressure increase. Liu Ligang, director of China's economic research at ANZ, said yesterday that higher than market-expected trade-surplus data would inevitably put greater pressure on the renminbi and that China's domestic liquidity would rise as the trade surplus grew,　　It will also have a more serious negative impact on the country's already grim inflation situation.　　However, some market participants said that the trend of further slowdown in China's export growth has not changed, according to the seasonal changes in October, mainly Christmas orders, this factor in the latter two months will gradually reduce.　　Export growth is expected to fall to below 20% by December, while imports will remain at 23% to 25% per cent, and China's foreign trade surplus will shrink in the effects of a stronger renminbi and a consumer policy. China's Ministry of Commerce has previously predicted that China's foreign trade growth will continue to fall in the four quarter of this year, while foreign trade will remain in 2011, but the growth rate may have fallen. China's trade surplus was $147.77 billion trillion in the previous October, down 6.7% from a year earlier.