China'S Trade To US Exports Slowed Down In February

China's trade surplus reached $8560000000 in February, ten, according to the General Administration of customs.

This figure is much lower than the US $19490000000 in January.

In that month, China's total exports amounted to US $87370000000, up six point five percent from the same period last year, which is significantly lower than the twenty-six point seven percent growth rate in January.

According to industry analysis, the slowdown in export growth in February was mainly affected by Spring Festival holidays, rain and snow disasters, and so on.

From the data, the slowdown in the US economy has already had some impact on China's exports to the US.

In February, China exported $15480000000 to the US, an increase of only zero point four percent.

In January, China exported $19160000000 to the US, with a growth rate of five point four percent.

Two in 00 and seven years, China's exports to the United States increased by fourteen point four percent.

Ma Xiuhong, Vice Minister of Commerce, said recently in the "two sessions" that the US subprime mortgage crisis will have an impact on China's exports to the US.

She also predicted that under the influence of the subprime crisis, China's trade surplus will decrease this year.

Compared with exports, China's imports grew faster in February.

Imports of US $78810000000 in that month increased by thirty-five point one percent over the same period last year.

In January, the import growth rate was twenty-seven point six percent.

A series of measures taken by the authorities since last year to encourage imports have further shown signs of success.

Ma Xiuhong said that the Ministry of Commerce will actively expand imports this year, especially for some products that are urgently needed in China, and expand imports to promote equipment, technology and raw materials for improving the quality of domestic enterprises.