China may report trade deficit in MarchPublished on Sun, Mar 21, 2010 at 09:44 | Source : Reuters Updated at Sun, Mar 21, 2010 at 10:13 Like this story, share it with millions of investors on M3
China's trade balance could turn to a deficit in March, Commerce Minister Chen Deming said on Sunday, adding that adjustments to the yuan's value would not by itself resolve global trade imbalances. Chen, speaking at the China High Level Development Forum, said that in the three years from 2005 to 2008, the yuan had appreciated by more than 20% while the trade surplus increased. In 2009, he added, the yuan was steady but the trade surplus fell by 34%. "A country's currency appreciation is very limited in helping to rebalance global trade," he said. "I personally expect that China could possibly have a trade deficit in March."
PREVIOUS STORY More on Moneycontrol
Headlines
 04:05 PM
 04:00 PM
 04:16 PM
Video of the day
Slideshows
Trending NewsBusiness News
|
News From DJ Greek Fin Min Says Feb 17 Final Day For Greek Bond Exchange Offer  The latest earning numbers FIRST on CNBC-TV18
Videos
Interviews
 Feb 11 2012, 11:52 | Source: CNBC-TV18  Feb 10 2012, 15:43 | Source: CNBC-TV18  Subscribe to Moneycontrol Newsletters |
|||||||
