Economy

China says trade surplus to fall sharply in 2010

(Agencies)
Updated: 2010-05-17 13:00

China's trade surplus in 2010 will fall steeply, commerce ministry spokesman Yao Jian told a news conference on Monday.

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He also said the yuan had been rising against the euro and that this would have an impact on Chinese exports.

China recorded a $196.1 billion trade surplus last year.

After narrowing surpluses in the first months of 2010, including a deficit in March, many economists believe the country could be on course for a surplus of roughly $100 billion this year.