The two textile agreements eliminate most uncertainties faced by Chinese clothing enterprises when exporting goods to two of the most important overseas markets.

The U.S. side has politicized the trade issue and largely neglected international practices, which makes it very difficult for people to expect any substantial results from the talks.

Both sides should work to find pragmatic ways to address the deficit. For example, as China has proposed many times, the United States should ease its rigid controls on technology exports.

It's almost certain that China's trade surplus will remain at a high level in 2006. Obviously, there will be further pressure from trade protectionists in the United States.

I would like to attribute the surplus to the weak domestic demand.

What China got in the past few years is only some pretty figures. American and foreign companies have gotten the real profit.

[Borrowing next year's volume] is not enough to solve the problem, ... so a much better idea is to lift the quota by a very large scale.

China's offer may be to limit exports as a possible resolution to this dispute. What the government may offer will depend on talks to come with the EU.