There is difference in statistical criteria
(People's Daily Online)Updated: 2006-12-05 09:55
Q. How do you view the increasing popularity of Chinese goods in the U.S.?
A. Trade imbalance cannot represent everything, and the interests involved should also be taken into account. For instance, the introduction of cheap but good-quality Chinese goods into the U.S. has contributed to some extent in curbing inflation in the U.S. and other Western nations while brining benefits to American consumers.
In short, Sino-US trade imbalance constitutes a normal phenomenon in bilateral trade as well as an issue in the course of development, which cannot be settled overnight, but has to be treated and handled correctly with a farsightedness and a responsible attitude.
Q. What do you think both sides should do to ease bilateral trade surplus?
A. The United States and China are the biggest trade partners and they can acquire their respective interests in the course of globalization. Hence, they should not quibble over this issue but actively resort to measures to alleviate trade surplus. China should, among other viable measures, spur the upgrading of its industries, expand its domestic consumption, inspire its enterprises to invest in the U.S. and implement the strategy for diversified markets. At the same time, the United States also needs to take some substantial and rational moves to enlarge bilateral trade by the means of extending service trade and lifting ban and restrictions on its high-tech export to China, so as to maintain the healthy growth of bilateral trade. Provided these measures are taken, it can be rested assured that the perspectives for Sino-US trade are splendid.
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