Smaller Trade Surplus Long-Term Trend
By Joy Wang |
August 18, 2010, Wednesday
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Print Edition
Print Edition
CHINA expects a smaller trade surplus to be a long-term trend even after weaker imports drove the glut to an 18-month record in July.
"It's the government's first priority to boost domestic demand to sustain economic growth," Yao Jian, a Ministry of Commerce spokesman, said yesterday in Beijing.
"China's role as a major manufacturing base won't change for some time, and thus imports of raw materials and equipment will continue to grow," Yao said. "China's intensified efforts in energy efficiency, environmental protection and rising household incomes will ensure continued import demand."
"It's the government's first priority to boost domestic demand to sustain economic growth," Yao Jian, a Ministry of Commerce spokesman, said yesterday in Beijing.
"China's role as a major manufacturing base won't change for some time, and thus imports of raw materials and equipment will continue to grow," Yao said. "China's intensified efforts in energy efficiency, environmental protection and rising household incomes will ensure continued import demand."
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