China says 2007 trade surplus to exceed $250 bln
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China's trade surplus will reach $250-300 billion in 2007, driven by the country's price competitiveness and strong external demand, the top economic planner said on Tuesday.
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BEIJING, July 10 -- China's trade surplus with the rest of the world jumped to a record $26.9 billion in June, despite recent threats from Congress that it would impose punitive measures to control the trade imbalance between China and the United States.
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New export taxes on polluting and  energy intensive industries will help reshape how China&#39;s  economy grows, but alone are not enough to resolve its trade  imbalances with the United States, a top Commerce official said  on Sunday.
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The number of Internet users in China soared past 200 million in 2007, a new report from the country's quasi-government Internet overseer said Thursday.
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The US trade deficit widened to a new high of $55.5 billion in October, boosted by high oil prices and record imports from China as retailers geared up for Christmas.
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The gap between US exports and imports hits an all-time high of $671.7bn (Â£484bn) last year, official figures show.
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China's trade surplus has surged to an almost record level in February, official state figures show.
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America's trade deficit rose to its second highest level of the year, reflecting higher prices for foreign oil and a continued appetite for Chinese goods despite this year's recalls of tainted products.
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China pledged on Monday that 2007 would be another year of extensive financial reform but said there was no quick way to bring down its record trade surplus.
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Trade between China and Africa reached a record $55 billion last year, much of it coming from oil and metals.
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China posted a record trade surplus of $26.9 billion in June as exporters rushed shipments ahead of tax rebate cuts, handing more ammunition to critics who say Beijing's weak currency gives it an unfair trade advantage.
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The trade surplus surged to $26.9 billion, potentially heightening tensions with the U.S. and increasing pressure on Beijing to allow its currency to appreciate.
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Zinc futures jump to their highest levels in seven years, thanks to a strong demand in China, now a net importer.
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FRANKFURT (Der Spiegel) - China's economy is continuing to expand at a blistering rate - with 11.5 percent growth in the third quarter of 2007. It is now poised to overtake Germany as the world's third largest economy within weeks and will soon also take Germany's crown as the world's biggest exporter. China's economy is continuing to surge ahead in double-digit growth figures and is due to overtake Germany as the third largest in the world within the next few weeks.  The country announced 11.5 percent growth for the third quarter of 2007, down on the 11.9 percent of the second quarter thanks to government efforts to cool the boom.
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JapanÂs trade surplus was sharply higher in August compared with a year earlier as companies shipped more cars and steel to global markets. The trade surplus widened 95.5 percent, to 200.5 billion yen ($1.71 billion) as exports to the United States grew 19.3 percent and sales to China expanded 20 percent, government data showed. The value of exports of automobiles to the United States rose 49.3 percent from a year earlier, the fastest pace since January 1997.
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The budget deficit for the current budget year will jump to about $250 billion, the Congressional Budget Office estimated Wednesday, citing the weakening economy
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The broadest measure of the country's trade and investment flows registered a record deficit of $164.7 billion in the third quarter.