China's exports grow by 32.7 per cent
By Jiang Wei (China Daily)
Updated: 2005-07-13 06:12

"As China is scheduled to launch a new round of tariff reductions with the ASEAN trade bloc, beginning from July 20 in line with the FTA, the bilateral trade volume is expected to witness further increases in the second half of this year," Gao said.

China had a trade surplus of US$39.6 billion in the first half of this year, while the surplus for June alone stood at US$9.7 billion.

China's widening trade surplus has aroused concerns in other countries, in particular the United States.

In fact, the two sides are seeking mutually satisfactory solutions to balance bilateral trade.

The China Council for the Promotion of International Trade recently launched a project with the US Commerce Department in a bid to narrow China's trade surplus with the United States.

Under this project, the two sides will establish agencies in some Chinese cities, which will take responsibility for helping US enterprises look for potential clients in China, as well as providing US businesses with information about China and promoting US exports to China.

Close

Special police detachment established in Xi'an Panda cubs doing well in Wolong Suspect arrested in Taiwan

Today's Top News     Top China News
Taiwan's KMT Party to elect new leader Saturday         'No trouble brewing,' beer industry insists         Critics see security threat in Unocal bid         DPRK: Nuke-free peninsula our goal         Workplace death toll set to soar in China         No foreign controlling stakes in steel firms	No foreign controlling stakes in steel firms       China-made telescopes race to space       'No trouble brewing,' beer industry insists       HK investors cautious on mainland homes       Law in pipeline to ban money laundering       Overseas students test their Chinese abilities