Taxes alone won't cut trade surplus

    (Reuters)
    Updated: 2007-05-28 08:39


    View of a steel-making factory on the outskirts of Shanghai February 1, 2007. [Reuters]

    New export taxes on polluting and energy intensive industries will help reshape how China's economy grows, but alone are not enough to resolve its trade imbalances with the United States, a top Commerce official said on Sunday.

    Beijing said last week it would impose or increase taxes on a range of metal exports in an effort to control shipments of high-energy products and ease its huge trade surplus.

    "You cannot expect to resolve the trade balance by simply curbing export patterns," Vice Commerce Minister Gao Hucheng said on the sidelines of a conference when asked about the changes.

    "These products make up a relatively small portion of exports. But the point is that this reflects changes in trade and economic growth, which will have advantages in the short term and even greater significance in the long term."

    The announcement of the tax changes came ahead of a "strategic economic dialogue" in Washington between high-level U.S. and Chinese officials at which China's huge trade surplus was a major bone of contention.

    But the high-level economic talks failed to ease trade rifts between the two economic giants, risking rising tensions ahead of the race for the U.S. presidency.

    Chinese Vice Premier Wu Yi and a delegation of ministers left the U.S. capital on Friday, after days of talks that made modest advances but were overshadowed by a lack of concrete progress on the key issue of China's currency.

    From June 1, China will impose a tax of between 5 and 10 percent on exports of over 80 types of steel products, a bone of contention with both the United States and Europe.

    Exports would not slow down much this year since most contracts had been signed already, but next year could see a big fall-off, said Li Xinchuang, vice-president of the China Metallurgical Industry and Research Institute.



    Top China News  
    Today's Top News  
    Most Commented/Read Stories in 48 Hours
    18禁免费无码无遮挡不卡网站| 欧美日韩中文国产va另类 | 国产精品无码A∨精品影院| 伊人久久一区二区三区无码| 亚洲av无码成h人动漫无遮挡| 人妻无码αv中文字幕久久 | 亚洲gv猛男gv无码男同短文 | 曰批全过程免费视频在线观看无码| 亚洲中文字幕无码一去台湾| 韩国免费a级作爱片无码| 曰韩精品无码一区二区三区| 亚洲欧美中文日韩V在线观看| 亚洲精品中文字幕乱码三区 | 国产亚洲中文日本不卡二区| 国产午夜无码精品免费看| 无码无遮挡又大又爽又黄的视频 | 青青草无码免费一二三区| 中文字幕无码免费久久| 中文字幕性| 久久男人中文字幕资源站| 痴汉中文字幕视频一区| 熟妇人妻中文字幕无码老熟妇| 中文字幕无码人妻AAA片| 无码任你躁久久久久久| 国产亚洲?V无码?V男人的天堂 | 日韩亚洲变态另类中文| 国模吧无码一区二区三区| 91嫩草国产在线无码观看| 97精品人妻系列无码人妻| 成人无码视频97免费| 国产AV无码专区亚汌A√| 国产精品无码一区二区三区电影| 无码国产精品一区二区免费式芒果| 亚洲av无码一区二区三区四区| 国产成年无码AV片在线韩国| 亚洲中文字幕无码久久2020| 亚洲欧洲精品无码AV| 亚洲A∨无码无在线观看| 人妻无码αv中文字幕久久| 成人无码一区二区三区| 一级电影在线播放无码|