Trade surplus with EU jumps 31%
29 January 2007
China's trade surplus with the European Union soared 31% in 2006, state media reported, quoting government figures. The country's trade surplus was US$91.7 billion, a significant jump from the US$70.1 billion surplus recorded in 2005. Europe was still China's largest trading partner throughout last year and accounted for 15.5% of the total outgoing trade for China with exports hitting US$182 billion. The total trade figure represented a jump of 26.6% from 2005, state media reported. China's imports of EU goods also jumped 22.7% year-on-year to US$90.3 billion.