www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Top News

Trade surplus up 55%, still at 'safe level'

By Jiang Wei (China Daily)
Updated: 2006-07-15 05:28
Large Medium Small

A key commerce official has defended China's rising trade surplus as remaining at an "acceptable level," while revealing that the growth of foreign investment in the country is slowing down.

Ministry of Commerce spokesman Chong Quan said on Friday that the country's trade surplus now accounts for 7.7 per cent of its total foreign trade volume, "much lower than the internationally recognized danger level of 10 per cent."

China's trade surplus in the first half of 2006 was US$61.5 billion, reflecting a sharp increase of 54.9 per cent from a year ago, when its imports and exports totalled US$795.7 billion.

China's growing trade surplus is a natural result of international industrial restructuring, despite the country's efforts to keep a balance between imports and exports, the spokesman said.

"During the course of the industrial restructuring, China not only took over the role as a world manufacturing centre, but also took over trade surpluses from some countries," he said.

Chong said China's trade surplus resulted from multinationals moving their investment to China from other Asian countries, producing numerous products here and exporting them with a "Made-in-China" label.

His remarks were echoed by Zhai Zhihong, an official with the National Statistics Bureau (NSB), who said the country's trade imbalance was largely the result of foreign-invested processing operations.

According to NSB figures, nearly 90 per cent of the country's trade surplus came from processing trade since 2000 and over 70 per cent of the surplus was from foreign-invested firms.

In another development, realized foreign direct investment (FDI) to China dropped 12.23 per cent last month year-on-year to US$5.44 billion, according to the spokesman.

China's total FDI inflow was some US$28.4 billion in the first half of this year, reflecting a decline of 0.47 per cent from a year ago, while officials did not reveal the figure of contracted foreign investment that China earned during the same period.

"I would attribute the decline to some foreign companies cutting their investment to China, in particular to some low value-added sectors, because of the price rises of raw materials and labour resources in China," said Mei Xinyu, a researcher with the Chinese Academy of International Trade and Economic Co-operation, a commerce ministry think-tank.

Some domestic investors may have also stopped disguising themselves as foreign companies as the government speeds up uniformity of income taxes on foreign enterprises and domestic companies, he said. The tax rate is now about 23 per cent for domestic firms, but 10-13 per cent for foreign companies.

"But it is not a bad thing, it is even good for the economy to some degree," Mei said. He explained this would help to wash out fake foreign investment and push foreign investors to spend more on research and development in China.

At the same time, the spokesman also responded to European Union Trade Commissioner Peter Mandelson's recent comment on China.

Having noted that "for every four containers loaded at Shenzhen for Europe, three still come back empty," Mandelson said there would be "a big problem" if those containers stay empty, "because the rights of European businesses are not being properly protected in China, or because they do not have proper access to the Chinese market."

But Chong indicated that lots of Europe's exports to China may not be shipped in containers, "because China mainly exports labour-intensive products and imports high value-added technology-intensive products," he said.

(China Daily 07/15/2006 page1)

主站蜘蛛池模板: a一级毛片视频免费看 | 国产精品免费视频一区 | 国产精品亚洲第一区柳州莫青 | 涩涩国产精品福利在线观看 | 欧美日韩亚洲综合在线一区二区 | 秋霞手机入口二日韩区 | 欧美成人免费观看的 | 日韩手机看片福利精品 | 中文久草| 免费香蕉成视频成人网 | 欧美特一级| 久草在在线 | 伊人色综合久久成人 | 99久久精品国产一区二区成人 | 日韩一区二区三 | 最新三级网站 | 国产黄网 | 免费在线看黄网址 | 久久综合99re久久爱 | 性色xxx | 亚洲精品98久久久久久中文字幕 | 亚洲成人在线播放视频 | 成人亚洲精品一区 | 亚洲日韩中文字幕天堂不卡 | 男人的天堂亚洲 | 国产99视频精品草莓免视看 | 成人三级在线 | 日韩欧免费一区二区三区 | 亚洲成在人线中文字幕 | 99av视频| 在线播放 亚洲 | 亚洲网站黄色 | 久久亚洲精品中文字幕第一区 | 一区二区三区在线播放 | 久久亚洲国产午夜精品理论片 | 欧美一级欧美一级毛片 | 亚洲国产精品aaa一区 | 欧美激情一区二区三区高清视频 | 欧美一级毛片一级毛片 | a级淫片 | 澳门一级特黄真人毛片 |