China wants to keep trade surplus down
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BEIJING -- China wants to keep its trade surplus in check this year, Commerce Minister Bo Xilai said today.
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China posted its biggest trade surplus in nine years in December, data showed on Tuesday, as the country's booming exports showed little sign of trailing off.
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China came under pressure on Saturday   to let its currency rise faster to ease imbalances in trade and   capital flows that pose one of the biggest risks to global   growth.
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Textile concerns among China&#39;s trading partners in the coming integration of global trade have made the nation determined to control its exports.
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BEIJING -- The deputy governor of China's central bank said it could take "a couple of years" to loosen controls on the value of the nation's currency, despite exhortations by the Bush administration to move quickly so that Chinese exports lose some of their low-price advantage.
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China is to put tariffs on textile exports to head off mounting concern that it could flood the market after quotas are abolished next year.
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China's president  visits Brazil in a bid to secure trade deals to satisfy a demand for foreign goods.
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China is ready to reduce tariffs and drop barriers for foreign products to enter its market next year, China Radio International reported Tuesday.
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BEIJING  - China has urged the US government not to limit imports of Chinese cotton trousers, warning such moves would violate WTO principles of free textile trade and hurt trade relations.
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Surging exports helped push China's trade surplus to a six-year high of &#36;31.98 billion in 2004, the government reported Tuesday.
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Chinaâs global trade surplus soared nearly 50 percent last year to a record despite an avalanche of safety warnings and recalls of Chinese-made products abroad.
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The United States and China have both taken steps to control an expected flood of cheap Chinese textiles and clothing into the world market after a decades-old quota system expires on January 1.
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China had a trade surplus of $85.72  billion in the first five months of 2007, up more than 80  percent from the same period a year before, a commerce ministry  official said on Saturday.
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China should no longer focus on the size of trade growth on its way to becoming a strong trading power. The international balance of payments, rather than blind pursuit of a trade surplus, should become the primary goal.
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Good news for officials who are trying to cool an overheated economy; austerity measures to remain. BEIJING  - China reported a marked slowdown in investment and money supply growth Monday, but stubbornly
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Global finance chiefs sought a way on Friday to put pressure on China to let its currency rise in value to ease global trade imbalances and also aimed to craft a message to soothe turbulent financial markets.
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China&#39;s government said it would continue measures to slow economic growth and reaffirmed its commitment to a stable yuan policy as the nation&#39;s leaders wrapped up their annual meeting in Beijing.