午夜精品福利一区二区,超碰97人人射妻,国产免费无码一区二区视频

First quarterly deficit in seven years

[ 2011-04-11 11:13]

字號

[大]

[中]

[小]

免費訂閱30天China Daily雙語新聞手機報：移動用戶編輯短信CD至106580009009

Get Flash Player

進入英語學習論壇下載音頻去聽寫專區一展身手

China reported its first quarterly trade deficit in seven years, but analysts said it will not be repeated in the coming months as tighter monetary policies, introduced to combat inflation, slow import growth.

China registered a deficit of $1.02 billion in the first quarter, compared with a surplus of $13.9 billion last year, according to the General Administration of Customs.

This is the first deficit since the first quarter of 2004 when a deficit of $8 billion was reported.

Analysts predicted a trade surplus in the second quarter that will gradually increase during the year, leading to renewed international pressure for currency appreciation.

The deficit was chiefly attributed to efforts to promote imports and the soaring prices of key imported commodities, said Zhang Yansheng, director of the Institute for International Economics Research under the National Development and Reform Commission (NDRC).

"Reduced export growth, due to the rising costs of labor, land and oil, along with yuan appreciation and rising interest rates also contributed (to the deficit)," he added.

China's imports surged by 32.6 percent to $400.66 billion during the first quarter, while exports rose by 26.5 percent to $399.64 billion, customs said.

A small surplus of $140 million was reported in March, with exports surging by 35.8 percent and imports by 27.3 percent year-on-year. This contrasted to a monthly deficit of $7.3 billion in February, the first since March 2010.

The monthly trade surplus reached a record high in the latter half of last year and since then China has focused on increasing imports to balance trade and alleviate pressure to boost the yuan's value.

Questions:

1. How much was China’s deficit?

2. How much was the deficit in 2004?

3. China’s imports surged by what percentage point in the first quarter?

Answers:

1. $1.02 billion.

2. $8 billion.

3. 32.6 percent..

去聽寫專區一展身手

（中國日報網英語點津 Helen 編輯）

First quarterly deficit in seven years

About the broadcaster:

First quarterly deficit in seven years

Lee Hannon is Chief Editor at China Daily with 15-years experience in print and broadcast journalism. Born in England, Lee has traveled extensively around the world as a journalist including four years as a senior editor in Los Angeles. He now lives in Beijing and is happy to move to China and join the China Daily team.

中國日報網英語點津版權說明：凡注明來源為“中國日報網英語點津：XXX（署名）”的原創作品，除與中國日報網簽署英語點津內容授權協議的網站外，其他任何網站或單位未經允許不得非法盜鏈、轉載和使用，違者必究。如需使用，請與010-84883631聯系；凡本網注明“來源：XXX（非英語點津）”的作品，均轉載自其它媒體，目的在于傳播更多信息，其他媒體如需轉載，請與稿件來源方聯系，如產生任何問題與本網無關；本網所發布的歌曲、電影片段，版權歸原作者所有，僅供學習與研究，如果侵權，請提供版權證明，以便盡快刪除。