China Trade Surplus April 2011

Trade surplus reached US$11.4 billion, substantially higher than forecast.  Will add more pressure on Chinese Yuan appreciation, although that’s uncertain if that helps. Imports from Asia actually dropped quite a bit, especially from Japan.  Imports from the US also dropped, yet imports from the Euro area actually rose.  So interestingly, US trade isn’t the biggest … Continue reading

China’s Inflation To Stay At 5% Or Above

People’s Daily Online reported that the economist at UBS expects inflation to stay at 5% or more in the second quarter.  There is very little surprise, of course, because money supply growth is still hot, and that’s what caused inflation to stay really high. This is hardly a news really.  China will likely to continue … Continue reading