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发帖数: 4825 | 1 http://www.nytimes.com/2011/05/10/business/global/10yuan.html?_
Chinese Exports Hit Record for April
By KEITH BRADSHER
Published: May 10, 2011
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HONG KONG — China’s exports surged last month to a record level, as
Chinese factories appear to have passed on rising costs to buyers who are
finding that they have few alternatives in other countries.
China’s imports lagged, causing its trade surplus to widen sharply from the
first three months of this year, to $11.43 billion. That was lower than
last year, but still high enough to increase trade frictions with the United
States and other countries worried that China is using a weak currency to
claim an unusually large share of global job creation as the world economy
climbs out of the recent economic downturn.
China’s regularly scheduled release of trade statistics came in between two
days of negotiations in Washington between senior American and Chinese
officials. In the first day of talks on Monday, American officials pressed
China to improve its human rights record and allow interest rates and the
Chinese currency to rise, while Chinese officials called on the United
States to lead a global economic recovery and suggested that their shrinking
trade surplus should not be a big concern.
China’s General Administration of Customs said that exports rose 25.9
percent in April compared with a year earlier, to a record $155.69 billion,
exceeding a previous record of $154.12 billion in December. The increase was
somewhat surprising because the spring is traditionally a weak period for
Chinese exports.
Chinese imports rose at a slower 21.8 percent, to $144.26 billion, as
government policies took effect to restrict bank lending in an attempt to
control inflation.
Labor costs are surging by 10 to 30 percent a year in China and commodity
costs are rising around the world, leading to warnings by suppliers of
Western retailers that price tags will start rising globally. Many companies
are searching for alternatives to manufacturing in China, but finding that
nowhere else offers China’s combination of a large labor supply, world-
class highways and ports and strongly pro-business policies, including a
strict ban on independent labor unions that tended to hold down wages until
very recently.
Josh Green, the chief executive of Panjiva, a New York company that advises
3,000 corporate buyers of goods from Asia, said his clients were extremely
worried about the pace of price increases that they face from Chinese
suppliers.
“That’s all I’ve been hearing from them over the past year, is concern
verging on panic about the changing cost structure in China,” he said. “
That has led to the hunt for the next China, which is a fool’s errand.”
Executives at three Chinese exporters said Tuesday that despite strong
retail sales in the United States in April, they had not yet seen a
sustained uptick in American orders, even as orders have risen from Europe
and emerging markets. One reason might be that these and other exporters are
now steadily marking up their prices to reflect the gradual appreciation of
the renminbi, which has climbed 5 percent against the dollar since last
summer.
“I am not worried about the rise of the renminbi since our company makes an
adjustment every three months in the exchange rate used in our contracts,”
said Mabel Lee, the sales manager at the Foshan Summit Sanitary Ware
Company, a maker of bathtubs of toilets based in Foshan, in southern China’
s Guangdong Province.
Hilda Wang contributed reporting. |
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