China Trade Surplus May Drop to $100Bln, Official

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China’s trade surplus this year is expected to drop to 100 billion U.S. dollars,franklin marshall, or roughly 1-1.5 percent of GDP. China’s trade surplus this year is expected to drop to 100 billion U.S. dollars or around, the official China Securities Journal reported, citing Li Daokui, an adviser to the People’s bank of China Saturday. Li, who is also a renowned economist at Tsinghua University, also suggested reducing the proportion of trade surplus in the country’s gross domestic product at a gradual pace. China needs to contribute to the global economic balances via the following three ways, Li said, citing a cut in the trade surplus, a steady but gradual appreciating currency and the yuan-denominated financial assets in global market, which could be held by both foreign and domestic investors. Trade surplus will further plunge this year, Li said. It is likely to lose as much as 80 billion U.S. dollars from 180 billion last year, to around 100 billion, accounting less than 2 percent of GDP, or even 1-1.5 percent this year, he added. The newspaper also cited Li’s words as reporting that growth in some developing countries including India and Brazil could hardly have an easy ride, as they remain mired in fiscal deficit and current-account deficit. Meanwhile, as global finance reshaped itself in the future, national credit in developed economies may suffer a decline and currencies such as the dollar, the euro and the yen may face risks of currency weakness in the longer term.相关的主题文章： 爱情里是没有愚人节的 Findings Raise Hopes for Progress on AIDS Vaccine WORDS AND THEIR STORIES - Top Brass What American Under the deal, which aims to end 11 months of protests demanding an end to Saleh's 33-year rule, Saleh's party and the opposition coalition agreed to nominate Vice President Abd-Rabbu Mansour Hadi as the sole presidential candidate for the early elections scheduled for Feb. 21.