(File Photo)   Chinanews, Beijing, Jan. 11 - Statistics from the General Administration of Customs on Wednesday (Jan.10) show that China's trade surplus reached 177.47 billion US dollars in 2006, 75.59 billion US dollars more than that in 2005.

 

The December surplus stood at 21 billion US dollars, a slight decline from November's 22.9 billion dollars.

 

China's exports and imports in 2006 reached 1.76 trillion US dollars, 338.78 billion US dollars more than that in 2005, a year-on-year growth of 23.8 percent. Export growth was 1.2 percentage points down from 2005 while and imports were 2.4 percentage points up.

 

Analysts said China faces risks in forex reserves as well as challenges in monetory policy with its rocketing trade surplus. Chinese government has decided to take measures to limit the huge trade surplus and achieve sounder, healthier foreign trade growth.

 

It is estimated that China's export growth tends to decline, while trade volume will surpass 2 trillion US dollars in 2007.