From AFP:
China’s trade surplus is likely to shrink in 2008 for the first time in five years, with a rising local currency and the US economy’s slowdown two of the prime reasons, the government said on Thursday.
“We forecast that for the full year, the slowdown in exports will continue, while imports will keep picking up speed,” the Customs Administration said in a statement on its website.
“This will result in a reversal of the swift growth in the trade surplus and in the trade imbalances,” it said.
