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: www.黄网站| 国产女女视屏免费 | 蘑菇午夜三级 | 国产一区中文字幕在线观看 | 欧美一级专区免费大片野外交 | 亚洲欧美精品久久 | 色综合久久久高清综合久久久 | 国产激情一区二区三区在线观看 | 欧美亚洲日本国产 | 亚洲黄色在线播放 | 色樱桃影院亚洲精品影院 | 国内xxxx乱子另类 | 国产一区精品 | 午夜宅男在线永久免费观看网 | 免费视频 久久久 | 亚洲精品成人 | 久久国产精品女 | 亚洲欧美另类日本久久影院 | 日本美女性爱 | 精品国产夜色在线 | 波多野结衣在线观看一区 | 亚洲日韩精品欧美一区二区 | 欧美在线观看一区二区三区 | 国产精品伦理久久久久 | 国产成人丝袜网站在线看 | 大香伊蕉国产短视频69 | 国产日韩欧美精品在线 | 日日碰碰 | 美女黄色在线观看 | 女人毛片a毛片久久人人 | 一级特色黄大片 | 一级在线 | 欧洲 | 国产综合视频在线观看一区 | 国产91九色刺激露脸对白 | 韩国美女一区二区 | 日韩乱码中文字幕视频 | 国产亚洲视频在线播放大全 | 一色屋色费精品视频在线观看 | 国产伦码精品一区二区 | 免费视频精品一区二区三区 | 九九99九九在线精品视频 |