国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

China never pursues trade surplus, says Wen

(Xinhua)
Updated: 2010-09-23 16:25
Large Medium Small

NEW YORK - China has never pursued surplus in trade, and the trade surplus is not to be blamed for high US jobless rate, Chinese Premier Wen Jiabao said Wednesday.

The interests of both China and the United States are not limited to commodity trade alone, but cover two-way investment, service trade and other areas of economic cooperation, he said during a speech at a banquet hosted by US friendly organizations in New York.

China enjoyed consecutive trade surplus only after 1994, and in most of the years trade surplus accounted for no more than 3 percent of China's GDP, the premier said.

China started to turn to boosting domestic demand and increasing imports to solve the problem very early, and has recently launched an unprecedented stimulus program to bolster domestic demand, he said.

China's trade surplus dropped by 34 percent in 2009 from the 2008 level, and was down 42.5 percent during the first half of 2010 on a year-on-year basis, Wen said, adding that it now accounts for 2.2 percent of the GDP, which is at a reasonable level by world standards.

Related readings:
China never pursues trade surplus, says Wen Stem trade disputes, China urges US
China never pursues trade surplus, says Wen China promises further open trade, investment environment
China never pursues trade surplus, says Wen China trade surplus likely to shrink
China never pursues trade surplus, says Wen China concerned on US trade proposals

He noted that China's trade surplus over the past decades came mostly from processing trade and foreign-owned enterprises including US-owned firms, which were the main beneficiary of China's export growth.

The current high unemployment rate in the United States was not caused by China's trade surplus, the premier said, because most Chinese exports to the United States are labor-intensive or low added-value products, many of which US manufacturers no longer produce.

To address the Sino-US trade imbalance, the two nations need to work together and place the issue into a global and multilateral context, he said.

China will continue to increase imports from the US. At the same time, the US should recognize China's market economy status and ease control over exports to China so as to promote free trade, Wen said.

He noted that there are nearly 60,000 US investment projects in China. In 2008, US-owned enterprises in China reported $146.7 billion in total sales, $72.2 billion in exports and nearly $8 billion?in total profit. China is now one of the biggest holders of US Treasury bonds and China's investment in the US has been growing rapidly, Wen said.

阳原县| 南涧| 什邡市| 湘潭县| 九江市| 酉阳| 桂东县| 锡林郭勒盟| 江永县| 望奎县| 万山特区| 平邑县| 奇台县| 宝应县| 雅安市| 兴和县| 津市市| 南开区| 海宁市| 揭东县| 南木林县| 镶黄旗| 灌云县| 罗田县| 龙里县| 武清区| 集安市| 延津县| 马山县| 日土县| 奇台县| 承德市| 临猗县| 虎林市| 天台县| 信丰县| 铜鼓县| 淮阳县| 广水市| 电白县| 衡南县|