adminChina has warned that its export growth will come under more pressure this year as US and European economic problems persist.
The government has been trying to boost domestic demand as a result.
Connie Bolland, the chief economist at Economic Research Analysis, said that she expected the trade surplus to shrink further to $100 billion in 2012.
“China will have to come up with other ways to boost its domestic demand to make up for the loss in trade surplus that is expected in coming years,” said Ms Bolland.
Beijing is anxious to prevent a sharp slowdown in the economy but at the same time wants to avoid reigniting inflation, which hit a three year high of 6,5 percent in July but has since slowed.
In a bid to boost growth and counter economic turmoil in Europe and the United States, authorities in December cut the amount of money banks must hold in reserve for the first time in three years.
China will release more detailed trade figures next week. — BBC.
Online Reporter