On Air Now

Current Show

The Mark Levin Show   5:00 PM - 8:00 PM

Call The Mark Levin Show at 1-877-381-3811

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
40° Feels Like: 33°
Wind: WNW 13 mph Past 24 hrs - Precip: 0.26”
Current Radar for Zip

Tonight

Rain 37°

Tomorrow

PM Showers 58°

Fri Night

Partly Cloudy 31°

Alerts

China could report trade deficit in March


An employee counts U.S. dollar banknotes at a branch of Huaxia Bank in Shenyang, Liaoning province March 18, 2010. REUTERS/Sheng Li
An employee counts U.S. dollar banknotes at a branch of Huaxia Bank in Shenyang, Liaoning province March 18, 2010. REUTERS/Sheng Li

BEIJING (Reuters) - 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 percent while the trade surplus increased.

In 2009, he added, the yuan was steady but the trade surplus fell by 34 percent.

"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."

(Reporting by Langi Chiang; Editing by Ken Wills)

Comments