Sino-US cooperation to improve the trade imbalance

 Chen Deming said that China's trade surplus back to the United States there are three main reasons. First, globalization has a surplus of other countries and regions to China. Asia's trade surplus with the United States because it did not change much, while Japan, South Korea and other parts of the processing trade and the U.S. some of the processing trade diversion to China.

accompanying Chinese President Hu Jintao visited Chen in the United States accepted the day of the joint Chinese and foreign media interview, said that according to incomplete statistics, not counting the aircraft project, during this visit China to buy U.S. goods amounting to approximately USD 24.9 billion China's export contract amount to 120 billion U.S. dollars, two-way investment amounted to 5.1 billion, of which China invested 3.24 billion U.S. dollars in the United States. He said that the new year, to sign such a large-scale Sino-US trade and investment cooperation agreement, indicating the importance of commercial relations between the two countries.

19 in Washington, said the trade imbalance between China and a number of reasons, China is willing to strengthen communication and cooperation with the U.S. to promote trade liberalization and facilitation, to jointly improve the trade imbalance conditions.

Second, the U.S. trade discrimination. U.S. restrictions on Chinese bill, including a ban on the export of military goods, dual-use goods, civilian goods exports to China also needs scrutiny. China hopes that the Obama administration to relax such restrictions, which the U.S. employment and U.S. corporate global competition is fair. Now, China is the world's third-largest U.S. export market. As the year continues to import promotion plan, China will increase imports of U.S.. Unfortunately, the United States announced last December to relax export controls for advice bill to export divided into three categories, a total of 164 countries and regions, China is excluded. This is obviously unfavorable U.S. companies and the U.S. economy, the Chinese side hopes that the U.S. could change such policies.

introduced, according to Chen Deming, 2010, China's foreign trade surplus of 183.1 billion U.S. dollars, of which $ 181,300,000,000 surplus with the U.S., accounting for about 99%, while China and other trading partners and almost no surplus. Therefore, the trade imbalance between China and not the exchange rate.

Chinese Minister of Commerce Chen Deming
again, Sino-US trade statistics on bias. Chen said the two business sectors are actively cooperate to rectify this. China hopes that an atmosphere of mutual trust and equality, about Sino-US trade imbalance, in order to better solve the problem. Xinhua News Agency

Chen Deming said that some U.S. think tanks and members of Congress to the RMB exchange rate link with the Sino-US trade imbalance that the rapid appreciation of the RMB should be substantial because of Sino-US trade imbalance. Economics from the West say that a country's currency will affect the entire export trade. But if only the present trade imbalance between the two countries is not a money issue, but should explore the trade barriers between the two countries and trade liberalization and facilitation.