The United States leads the world in the service and high-tech sectors, while China produces high-quality daily consumer goods with low labor cost.

Though domestic demand waned and imports somehow slackened accordingly, due largely to macro economic control, in the first half of the year, it is totally wrong to consider the Chinese Government stepped in foreign trade...

Currently, import is totally businesses’ activity. There has been almost no room for the Government to intervene by administrative means after China entered the World Trade Organization . Along with a recovery in investment at...

China is not in pursuit of a trade surplus. On the contrary, the continuous growth in trade surpluses has become one of the major concerns of the government, as it helped increase China’s foreign exchange...

China’s conditions are not ready (to allow the yuan to float). Maybe in eight or 10 years’ time. … There will only be gradual change before then.

By contrast, China’s domestic market was oversupplied generally, compelling traders to turn to international markets and thus boosting export.

Though domestic demand waned and imports slackened in the first half, due largely to macro-economic controls, it is totally wrong to consider the Chinese Government influenced foreign trade with administrative instruments.

There is little probability that the trade surplus this year will exceed the 2005 level.