The United States leads the world in the service and high-tech sectors, while China produces high-quality daily consumer goods with low labor cost.

224

Though domestic demand waned and imports slackened in the first half, due largely to macro-economic controls, it is totally wrong to consider the Chinese Government influenced foreign trade with administrative instruments.

200

China is not in pursuit of a trade surplus. On the contrary, the continuous growth in trade surpluses has become one of the major concerns of the government, as it helped increase China's foreign exchange reserves to US$760 billion, which has begun to affect the national economy.

196

China's conditions are not ready (to allow the yuan to float). Maybe in eight or 10 years' time. ... There will only be gradual change before then.

145

By contrast, China's domestic market was oversupplied generally, compelling traders to turn to international markets and thus boosting export.

141

There is little probability that the trade surplus this year will exceed the 2005 level.

109

Though domestic demand waned and imports somehow slackened accordingly, due largely to macro economic control, in the first half of the year, it is totally wrong to consider the Chinese Government stepped in foreign trade with administrative instruments.

63