China's trade surplus shrinks in 2011 | Bangkok Post: news

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China's trade surplus shrinks in 2011

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China's trade surplus narrowed 12.6 percent to around $160 billion in 2011, the commerce minister said Thursday, as the world's number two economy was hit by weaker demand from key export markets. 

China's trade surplus narrowed to about $160 billion last year, Commerce Minister Chen Deming said on Thursday, amid weaker demand from key export markets like the United States and Europe.

The drop from a 2010 trade surplus of $183 billion came after a year of economic turmoil that has seen a rebound in the United States and Europe slow down sharply.

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