It's roughly in line with what people expected, and if you discount the Chinese New Year effect, the number would probably not look so high.
More Quotes from Qu Hongbin:
But if you have a big trade surplus it will give Western politicians an excuse or tool for them to put pressure on the currency.Qu Hongbin
You could say China is actually 20 percent richer than anybody initially thought.
Qu Hongbin
There's only one conclusion Continuing to bolster labor-intensive production and exports is the only viable means for China to absorb its surplus labor and improve rural living standards.
Qu Hongbin
There are various hidden uncertainties if we look at the main growth engines. Exports depend on external factors and it will be a big question as to whether China's exports can be a single flower blossoming if the world economy slows next year.
Qu Hongbin
Given the evidence of deteriorating investment efficiency, China needs to rebalance its growth by shifting away from investment toward consumption.
Qu Hongbin
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