Home / International / International / International -- Update Tools: Save | Print | E-mail | Most Read | Comment
WTO Report Addresses Trade Surplus
Adjust font size:

While friction between China and the US continues over their large trade imbalance, the World Trade Organization (WTO) addressed the gap in its first review of China's trade policy since the nation joined the global body at the end of 2001.

 

According to the WTO, China's surplus with the US and the EU is a structural issue and partially reflects Asia's current trade composition.

 

A report is due to be published officially in April but was released by the WTO Secretariat on Friday.

 

The Chinese mainland's trade surplus with both the US and the EU has been pushed up as a result of production and exports by investors from Taiwan, South Korea and Japan.

 

Taiwan enjoyed a trade surplus of US$58 billion with the Chinese mainland last year, topping all economies in the world including South Korea, which posted a surplus of US$42 billion with China in the same year to become the No 2 surplus earner. Japan was in third place with US$16.5 billion, according to the report.

 

Mei Xinyu, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, said that to some extent, China has been a scapegoat for the trade imbalance problem. He said the report gave a fair picture of China's role in global trade and for years, the sources of both China's trade surplus and deficit have become relatively stable.

 

China suffers from a huge deficit in trade with East Asian countries and regions and major energy and raw materials producers. Meanwhile, China has enjoyed great trade surpluses with the US, the EU and non-oil exporters.

 

"As those economies shift their exports to the Chinese mainland through investment, their previous trade friction with the US and the EU has been eased. The mainland has begun to bear the brunt of trade pressure," Mei said.

 

China's ballooning export trade over the past three years has caused concern among other WTO member countries over whether China's foreign trade systems and policies are in line with international trade regulations and whether China has delivered on its promises to the world upon its WTO accession, according to the report.

 

Song Hong, a trade expert from the Chinese Academy of Social Sciences, said the EU and the US are used to finding faults with China and, when trade imbalance happens, they are skeptical as to whether it is fully opening its markets or complying with WTO promises.

 

"But, in fact, it's a problem born of globalization," said Song.

 

About 60 to 80 percent of China's export value is generated by foreign-invested enterprises. Much of the country's growing exports come from enterprises owned by cross-national companies, including many based in the US, he said.

 

The trade imbalance between China and the US is a structural problem in international, rather than bilateral, trade. He suggested that if the US wants to find the cause of its growing trade deficit, it should check with of its major trade partners.

 

(China Daily March 21, 2006)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- US Told Not to Politicize Trade Issue
- China-US Business Forum Tackles Tough Economic Issues
- Don't Overplay Trade Friction, Say Analysts
- FM: Strategic Vision Vital for Sino-US Ties
- Sino-US Trade Gap Dispute Continues
- Rice: US Has No Policy of Containment Against China
Most Viewed >>
> Korean Nuclear Talks
> Reconstruction of Iraq
> Middle East Peace Process
> Iran Nuclear Issue
> 6th SCO Summit Meeting
Links
- China Development Gateway
- Foreign Ministry
- Network of East Asian Think-Tanks
- China-EU Association
- China-Africa Business Council
- China Foreign Affairs University
- University of International Relations
- Institute of World Economics & Politics
- Institute of Russian, East European & Central Asian Studies
- Institute of West Asian & African Studies
- Institute of Latin American Studies
- Institute of Asia-Pacific Studies
- Institute of Japanese Studies
主站蜘蛛池模板: 免费人妻av无码专区| 国产成人免费高清在线观看| 东北壮汉gayxxxvideo| 日韩欧美成人乱码一在线| 亚洲国产综合人成综合网站00| 狠狠色丁香婷婷综合潮喷| 动漫卡通精品3d一区二区| 色丁香在线观看| 国产伦精品一区二区三区精品 | 久久久午夜精品福利内容| 最近2019在线观看| 亚洲伊人久久大香线蕉| 欧美日韩国产剧情| 亚洲精品www久久久久久| 瑟瑟网站在线观看| 免费日韩三级电影| 精品国产一区二区三区2021| 国产V亚洲V天堂无码久久久| 蜜桃成熟时3之蜜桃仙子电影| 国产在线精品一区二区不卡麻豆| 欧美日韩另类综合| 日韩在线一区二区三区| 亚洲五月丁香综合视频| 欧美日韩在线成人| 亚洲欧美一区二区三区| 永久免费AV无码网站YY| 人妻人人澡人人添人人爽人人玩| 精品一区二区三区四区电影| 卡通动漫第一页综合专区| 美女羞羞视频免费网站| 国产99视频免费精品是看6| 里番肉本子同人全彩h| 国产又猛又黄又爽| 鲁啊鲁在线视频免费播放| 国产成人AV综合色| 黑人巨茎大战欧美白妇| 国产成人无码精品久久久免费| 欧美成人久久久| 国产日韩欧美久久久| 九九影视理伦片| 国产成人最新毛片基地|