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People's Daily Online>>China Business

December export growth slows, trade surplus expands

By Maggie Zhang (Shanghai Daily)

14:53, January 10, 2012

China's export growth slowed in December, reflecting weakening global demand amid euro zone woes.

Overseas shipments rose 13.4 percent from a year ago, slowing down from a 13.8 percent increase in November, the General Administration of Customs data showed today. Imports gained 11.8 percent and the trade surplus was US$16.52 billion, the authority said. The trade surplus compared with US$14.5 billion the previous month.

For the whole year of 2011, China's trade surplus narrowed 14.5 percent year-on-year to US$155 billion amid a rising imports and weakening external demand amid the prolonged Europe debt crisis.

China's exports to western market kept a flat and stable pace but the shipments to emerging markets rose rapidly, the authority said.

China's total trade topped a record US$3.6 trillion in 2011, up 22.5 percent than a year ago.

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