Our trade
surplus continue to grow this year.
我们的贸易顺差今年继续增长。
Middle East countries has a large
surplus of oil.
中东国家有大量过剩的石油。
Rice was in
surplus that year.
那一年大米过剩。
"Together with CATL, we are building a market leading and highly sophisticated battery storage system that can capture surplus solar power during the day and store it for use in the early evening after the sun sets in Nevada," said Ty Daul, CEO of Primergy.
Primergy首席执行官Ty Daul表示：“我们正在与CATL一起构建一个市场领先的高度复杂的电池存储系统，该系统可以在白天捕获多余的太阳能，并在内华达州日落后的傍晚储存使用。”。
As part of its ambitious plan to reduce carbon emissions, the company plans to increase its installed capacity of wind and solar power to 650 megawatts by the end of 2025, not only satisfying its own needs, but also selling the surplus.
作为其雄心勃勃的减少碳排放计划的一部分，该公司计划在2025年底前将其风能和太阳能装机容量增加到650兆瓦，不仅满足自身需求，还将剩余电量出售。
Despite a surplus of global offshore engineering oil and gas equipment, the Chinese market remains resilient.
尽管全球海洋工程石油和天然气设备过剩，但中国市场仍有韧性。
"Blue" hydrogen is produced by transforming methane into hydrogen plus carbon dioxide, while "green" hydrogen－also referred to as "clean hydrogen"－is produced by using clean energy from surplus renewable energy sources, such as solar or wind power.
He said that it is also because with the accelerated aging and declining birthrates, the "Lewis turning point"－the point at which the labor supply from rural areas for employment in cities is exhausted－has appeared, meaning that labor scarcity and capital surplus has begun.
The "blue" hydrogen is produced by transforming methane into hydrogen plus carbon dioxide, while the "green" hydrogen – also referred to as "clean hydrogen" – is produced by using clean energy from surplus renewable energy sources, such as solar or wind power.
Meanwhile, according to Chindata and Tencent, they will work together on low-energy solutions by increasing the utilization of clean and surplus energy and promoting green energy usage.
Typically, investors registered on ToJoy seek to plough their surplus capital into potentially profitable ventures or already proven ones like unicorns (startups valued at $1 billion each).
Rather than dump this surplus data, tech companies realized they could use information from growing numbers of users to offer advertisers - their real customers–near-perfect predictions of individuals' needs and desires.
The aggregate sales balance is set to shift into surplus for US firms," said the report, citing words by Chinese Premier Li Keqiang on March 20 to further open the nation's service sector and strengthen the protection of intellectual property.
Many of China's solar panels are located in less-populated areas with surplus solar capacity.
The surplus of an underserved banking population, rising smartphone penetration and TMB's local dominance are among major forces that have propelled Ant to place the bet.
The prediction was based on the rising metal prices and closure of surplus production capacities, he told Xinhua News Agency.
For IMPC, this is a positive situation because it has surplus electricity that it wants to export to new markets.
Li Li, energy research director at ICIS China, a consulting company that provides analysis of China's energy market, said there is also a chance that China might face a gas surplus.
A researcher at State-owned China National Petroleum Corp in November said the country could face a gas surplus of 50 billion cu m a year by 2020, due to long-term contracts for imports of liquefied natural gas and pipeline expansion plans, energy news agency Platts reported.
Chen Binhua, a spokesperson for the State Council Taiwan Affairs Office, quoted official statistics and noted that the mainland stays as the largest source of trade surplus for the island.
China has never pursued a trade surplus, and has taken various measures to expand imports from Belgium and Europe, said Wang.
Its trade surplus reached 5.24 trillion yuan, expanding by 2.8 percent year-on-year.
In the first half, the trade volume between Guangdong and Taiwan reached more than 281 billion yuan ($40 billion), and Taiwan achieved a trade surplus of more than 197 billion yuan with Guangdong.
The country's current account — a key pillar of China's foreign exchange market stability — is expected to maintain a reasonable size of surplus this year, which stood at roughly $55 billion in the July-August period according to preliminary statistics, said Wang Chunying, deputy head and spokeswoman of SAFE.
New Zealand's trade surplus with China was NZ$2 billion ($1.19 billion) in the June 2023 quarter, according to the statistics department Stats NZ on Monday.
"New Zealand usually has a trade surplus for goods and services with China," International Trade Manager at Stats NZ Alasdair Allen said, adding this is increasingly driven by trade in goods.
China's exports, however, continued to grow, even maintaining a double-digit growth rate, resulting in a sharp rise in the trade surplus.
In 2021 and 2022, the trade volume between the two countries did expand, and so did China's trade surplus.
We should not expect that as income levels rise, people will continue to convert their surplus income into bank deposits.
It registered a surplus of 276.1 billion yuan in April, up 3 percent, said the State Administration of Foreign Exchange.
The surplus in goods trade reached 392.3 billion yuan, the highest monthly level in 2023.
China's first-quarter international payments remained largely balanced, with the country's goods trade surplus staying buoyant while trade in services and foreign direct investment registered a deficit, official data showed on Friday.
The country's current account registered a surplus of $82 billion in the first quarter of the year, equivalent to 2 percent of China's GDP for the same period versus 2.2 percent in 2022, the State Administration of Foreign Exchange said on Friday.
Wang Chunying, deputy head and spokeswoman of SAFE, said the first-quarter current account surplus stayed within a reasonable range, underpinned by $129.9 billion in goods trade surplus, the second-highest first-quarter reading on record.
In capital and financial accounts, foreign direct investment recorded a deficit of $30.2 billion in the first quarter compared with a surplus in 2022, while reserve assets increased by $25.5 billion, SAFE said.
In 2022, China's current account registered a surplus equivalent to 2.2 percent of the country's GDP, staying within a reasonable range, SAFE added.
Addressing inquiries on whether China's widening trade surplus with the United States could stop the latter from lowering tariffs on Chinese goods, Shu said that China never intentionally sought the surplus.
- China's foreign trade in goods registered a surplus of $25.9 billion in February, on par with the same period last year, the country's forex regulator said Wednesday.
Its cross-border receipts and payments by non-banking sectors registered a surplus of $31.4 billion (216.75 billion yuan) in the first two months of the year.
The country registered a surplus of $25.9 billion in trade in goods in February, almost flat from a year ago, while trade in services saw a deficit of $4.3 billion during the period.
Exports increased 0.9 percent from a year earlier to 3.5 trillion yuan while imports declined 2.9 percent to 2.68 trillion yuan during the period, resulting in a trade surplus of 810.32 billion yuan, which expanded 16.2 percent on a yearly basis, the General Administration of Customs said.
The country's trade surplus hit 810.32 billion yuan in the period, jumping 16.2 percent year-on-year, the data showed.
Exports increased 0.9 percent from a year earlier to 3.5 trillion yuan during the period while imports declined 2.9 percent to 2.68 trillion yuan, resulting in a trade surplus of 810.32 billion yuan, which expanded 16.2 percent on a yearly basis, the General Administration of Customs said.
China registered a surplus of $685.6 billion (4.6 trillion yuan) under trade in goods last year, hitting a record high and rising 22 percent year-on-year, the State Administration of Foreign Exchange said on Friday.
The resilient trade surplus in goods has underpinned a current account surplus of $417.5 billion in 2022, which accounted for 2.3 percent of the country's GDP for the year, up 32 percent from 2021, SAFE said.
The $417.5 billion in current account surplus marked the second highest level on record, only behind the levels seen in 2008, according to the administration.
With current account surplus in a reasonable range and foreign direct investment witnessing net inflow, China's international payments were generally balanced last year, said Wang Chunying, deputy head of SAFE.
China's foreign direct investment recorded a surplus of $32.3 billion last year, while trade in services saw a deficit of $94.3 billion, down 6 percent from a year ago, the administration said.
Over the past year, exports reached 4.3 billion yuan of total trade, while imports were valued at 292 million yuan, with a trade surplus of more than 4 billion yuan.
Underpinning their forecast is a rallying Chinese economy that may drive foreign inflows into onshore securities and support the country's trade surplus and foreign direct investment, they said.
They commented after official data showed that China had registered a full-year foreign exchange settlement surplus and rising foreign holdings in Chinese securities at the end of last year, bucking the headwinds brought by global monetary tightening.
The country's foreign exchange settlement and sales by banks came in at $2.57 trillion and $2.46 trillion last year, respectively, indicating a surplus of $107.3 billion, the State Administration of Foreign Exchange said on Wednesday.
China's cross-border receipts and payments by nonbanking sectors also registered a surplus in 2022, with the amount of receipts surpassing payments by $76.3 billion, according to SAFE.
Wang also said China's trade in goods and FDI are likely to continue to register a surplus this year as the country's foundation of supply chain stability will become more solid upon optimized COVID response.
Exports of goods came in at 1.94 trillion yuan and imports hit 1.59 trillion yuan, resulting in a surplus of 351.1 billion yuan, the State Administration of Foreign Exchange said.
Its trade surplus expanded 42.8 percent on a yearly basis to 5.34 trillion yuan.
The export of goods came in at 1.92 trillion yuan and imports hit 1.51 trillion yuan, resulting in a surplus of 408.8 billion yuan, the State Administration of Foreign Exchange said.
Pan, also the deputy governor of China's central bank, attributed the forex market's resilience to the renminbi's two-way fluctuation and flexibility, a surplus in the basic international balance of payments, the improving foreign debt structure, and the promotion of exchange rate hedging instruments.
"Driven by a growing supply surplus, the collapse in oil prices occurred between mid-2014 and early 2016, causing the longest-lasting decline in prices since the supply-driven collapse of 1986, according to a report by the World Bank Group.
The country's foreign trade surged 9.5 percent year-on-year to 34.62 trillion yuan ($4.79 trillion) in the first 10 months of 2022, while its trade surplus jumped 46.7 percent year-on-year to 4.8 trillion yuan, according to the General Administration of Customs.
Judging from the sector's performance so far this year, and given the resilience of the country's industrial and supply chains, China is likely to see stable growth of foreign trade and a high trade surplus this year, said Wei Jianguo, vice-chairman of Beijing-based China Center for International Economic Exchanges.
Its trade surplus jumped 46.7 percent year-on-year to 4.8 trillion yuan.
The trade surplus during the period reached 4.23 trillion yuan, surging 53.7 percent year-on-year.
Trade surplus in September was 573.57 billion yuan, expanding 29.9 percent year-on-year.
Only nine depreciation cases happened when inflation was low or the nation reported a trade surplus.
For one thing, China manages to maintain $500 billion to $600 billion trade surplus every year.
Its trade surplus jumped 58.2 percent year-on-year to 3.66 trillion yuan.
As the country actively promotes the digital transformation of manufacturing industry, the telecommunication, computing and service information sector have developed quickly, with trade surplus hitting $9.1 billion, injecting new momentum to China's trade in services sector.
Analysts said the increase was due to a rise in international bond and stock markets and the resilient trade surplus of the country, which offset a decline in foreign exchange reserves caused by a rising US dollar.
China's trade surplus in goods surged by 36 percent year-on-year to $320.7 billion in the first half of the year, the highest reading on record for the same period, official data showed on Friday.
The nation's resilient trade surplus in goods has underpinned the current account surplus of $169.1 billion in the first six months of the year, which accounted for 1.9 percent of the country's GDP during the period, the State Administration of Foreign Exchange said.
With current account surplus in a reasonable range and foreign direct investment inflows remaining relatively fast, China's international payments continued to be generally balanced in the first half, said Wang Chunying, deputy head of SAFE.
The country's foreign direct investment recorded a surplus of $74.9 billion in the first six months, the administration said.
Experts take stock of trade surplus, FX, inflation, say H2 will aid recoveryChina will play a key role in underpinning the global supply chain in the second half of the year amid government policy measures to stabilize the economy while tackling the impact of COVID-19 via targeted means, experts said.
Although major economies such as Germany, France, South Korea and the United States saw trade deficits in recent months, the surplus of China's foreign trade topped 2.48 trillion yuan ($367 billion) in the first half, as exports soared after the COVID-19 resurgences were brought under control in the Yangtze River Delta region in May and June, data from the General Administration of Customs showed.
As China's trade surplus rose significantly to $97.94 billion in June from $78.76 billion in May, experts said the growth has helped buffer the yuan's exchange rate with other major currencies and further stabilize the domestic inflation rate, reducing the need to raise interest rates or intervene on the currency exchange rate.
He said China's highly concentrated supply chains, efficient productivity, relatively lower domestic costs of industrial power and production materials, as well as many trade partners' heavy dependence on its industrial goods and semifinished products, will keep the growth rate of the nation's trade surplus within a reasonable range in the coming months.
"China does not pursue trade surplus on purpose.
The accelerated trade surplus growth in the first half of the year was mainly attributable to the epidemic-induced import volume contraction," said Wei Jianguo, vice-president of the China Center for International Economic Exchanges in Beijing.
He predicted that China's trade surplus growth may slow down during the second half of the year, as the nation is expected to import large amounts of energy, minerals and machinery to speed up effective infrastructure investment in pursuit of a more vigorous economic recovery.
Taiwan's trade surplus with the mainland last year was as high as $171.6 billion, up $31.1 billion from that in 2020.
China's trade surplus with the US will increase.
However, the nation's overall trade surplus growth will slow down because imports of energy, minerals and large equipment in the second half are to expand as the nation speeds up effective infrastructure investment, he said.
The government may use the surplus cash accumulated in the past or advance the 2023 local special bond issuance quota to fill the revenue shortfall," said Li Wei, senior economist at Standard Chartered Bank (China) Ltd. Lian Ping, chief economist at Zhixin Investment and head of the Zhixin Investment Research Institute, agreed that the proactive fiscal policy will remain the main force to boost economic recovery in China in the second half.
"The nation will also likely retain a considerable trade surplus in 2022, although geopolitical conflicts, expected pullback of economic stimulus in developed economies, and the continuous pandemic will add uncertainties to global demand, he said.
The nation will also likely retain a considerable trade surplus in 2022, although geopolitical conflicts, the expected pullback from economic stimulus in developed economies, and the continuing COVID-19 pandemic will add uncertainties to global demand, he said.
International goods trade reports surplusChina reported a surplus in its international goods trade in May, data from the State Administration of Foreign Exchange showed.
Trade in goods exports came in at 1.87 trillion yuan ($278 billion) in May, and imports at 1.46 trillion yuan, resulting in a surplus of 402.2 billion yuan.
Some of China's surplus with European countries and the United States has turned into China's surplus with Vietnam.
The government should also better balance industrial land area, which seems to be seeing a surplus, and also residential land area.
As external demand weakens and supply-side constraints persist, the current account surplus is projected to narrow to 1.3 percent of GDP in 2022.
- China reported a surplus in its international goods trade in April, data from the State Administration of Foreign Exchange showed on Friday.
Goods exports came in at 1.6666 trillion yuan ($247.3 billion) last month, and imports at 1.3568 trillion yuan, resulting in a surplus of 309.9 billion yuan.
Since the start of the year, the PBOC has provided 800 billion yuan in surplus profit to central finance, and the total amount of profits handed over from the PBOC will exceed 1.1 trillion yuan for this year.
He Daixin, deputy director of the financial research office of the National Academy of Economic Strategy of the Chinese Academy of Social Sciences, said that surplus profits handed over by the central bank are of critical importance this year.
For China, the country's vast domestic economy, relatively sound fundamentals, large foreign exchange reserves and a steady trade surplus provide a buffer against the spillover effects of US tightening, Huang said.
Customs data from the regional capital, Lhasa, shows that during this period total exports exceeded 1 billion yuan, with a trade surplus of over 1 billion yuan.
Total exports reached nearly 1.07 billion yuan and imports hit 65 million yuan, with a trade surplus of over 1 billion yuan.
In the first two months, China saw a surplus of 548.3 billion yuan in the international trade of goods.
China has a relatively large current account surplus and a relatively low external debt, especially in foreign currencies.
While the property sector continues to suffer from weakness, and geopolitical tensions have inflated commodity prices and could exert pressure on China's trade surplus, it is necessary for macroeconomic policies to more forcefully and effectively buffer the headwinds, said Zhu Haibin, J. P. Morgan's chief China economist.
The report said the government has been strengthened by the surplus profits of State-owned financial institutions and State monopoly business operations in recent years.
Namibia's trade balance with Asian countries decreased from a surplus of 1.7 billion Namibia dollars recorded in December 2021 to 1.3 billion Namibia dollars obtained in January 2022, according to the country's statistics agency (NSA) on Thursday.