Department of Commerce: China never deliberately pursue trade surplus

China's trade surplus has been at reasonable intervals

Talk of Western China "surplus State responsibility", Department of Commerce comprehensive Secretary haiquan said: "China will never deliberately pursue trade surplus, excess surplus on the long-term development of China's economy. ”

Haiquan said that historical data show that China's trade surplus of time is not long, continuous surplus until 1994; surplus of scale, accounted for GDP (gross domestic product) of most of the year following the 3%. Until 2005, the surplus growth has accelerated, 2008 reached $ 2981, 6.9% of GDP.

But unlike Germany, Japan, and other trading country, China's trade surplus and not large. Germany since 1952, continuous 58 years to maintain a favorable balance of trade surplus, the highest of its GDP has reached 8%. Japan since 1981, the trade surplus for 29 years. United States in World War II had a surplus of 20 consecutive years. Some Gulf countries affected by resource endowment, and has been instrumental in maintaining the large surplus.

International financial crisis, China's trade surplus has continued to decline, the trade balance improved further. Following the 2009 China trade surplus decreased over the previous year, the decline in 1020 billion, 34% year-over-year decline in the first half of this year and 42.5% surplus GDP down to 2.2%, is an internationally recognized reasonable interval.

In China, foreign companies are the main creators of surplus

The "pure digital, unable to see the surplus with comprehensive and accurate understanding of the interests of actual flows behind, you must use the investment case for analysis. "Liu Quan said:" in fact, foreign investment enterprise is my trade surplus of main creators, but also my main beneficiaries of the trade surplus. ”

At present, foreign-invested enterprises accounted for half of China's exports, 2009 foreign exports accounted for the total export value of 55.9%, creation of favorable balance of trade surplus close to 2/3 of the total. Foreign-invested enterprises in China's processing through the "high income" earned. I'm from Japan and South Korea and other neighbouring countries import parts in China, processing is finished or semi-finished products and then exported to Europe and the United States and other countries and regions, for design, development, wholesale and retail sectors of high profits for China is very low processing fees.

Haiquan to "Barbie" as an example: a Chinese production of Barbie doll in the United States market retail price of $ 10, and only the Chinese enterprises of processing fees $ 0.35, own the brand of United States companies after deducting other cost profit nearly $ 8.

He said that over the years, the foreign investment enterprises in China, using Chinese labour, resources, policies, markets, and many other advantages, improve their international competitiveness, the strengthening and expansion in the global market place, boosted its domestic industrial upgrading. The current global 500 companies have more than 470 in China, China has gradually become more and more multinational companies headquarters and in the profit growth of important support. Sino-American Chamber of Commerce publication of the 2009 United States enterprises in China white paper shows that even in the international financial crisis severely impact 2008, 74% of the United States in corporate earnings, 81% of enterprises for the next five years of business development is optimistic about the prospects.

Maintain a certain balance with its rationality

Haiquan believes that a few years ago, China's trade surplus appear faster growth, growing, in the final analysis is composed of world economic development trends and China's economic development phase, and so many reasons to determine:

One is the effect of the international industrial transfer. Since the 1990s, developed countries, multinational companies in order to transfer the rising cost of occupation of the expanding international markets, through foreign investment and other means of progressively manufacturing to China so with labor, land, tax and cost advantages of countries. In the transfer, the trade surplus has also been transferred to China, leading to continued expansion of the scale of China's trade surplus.

Second, China was in the industrialization of the medium-term development stage, with a complete range of industrial, production capabilities, to undertake international industrial transfer, meet growing foreign demand to lay a solid foundation.

Third, in the economic globalization, economic ties between the countries closer, goods and services of international mobility is also more convenient and fast, this is the world, including China trade fast growth provides supportive conditions.

The fourth is currently China's exports is still labour-intensive, and the main trade partners of the European Union, the United States, Japan and the export of technology-intensive products, and the developed countries trade with strong complementarities.

Fifth, Chinese exports to consumer-oriented, international market demand for the larger and more stable, affected by the economic crisis and other external factors relative to smaller, and low labor costs in China, export product cost advantage is obvious, strong international competitiveness.

"Therefore, a certain scale of China's foreign trade surplus with its inherent rationality. "Liu Quan said.

Chinese exports to urge "win-win" outcome

"China's exports is China and the outside world a win-win outcome, not like some Western propaganda is foreign to suffer losses, we enjoy the benefits. "Liu Quan said.

Liu Quan, Chinese people rely on hard work, create a well-made products, not only conducive to stability in the importing country market and economy, but will also help to improve the welfare of the people of the importing country. By imports of Chinese goods, on the one hand, contribute to the stability of market prices in importing countries, reduce the risk of inflation level, keep the economy running smoothly; on the other hand, to meet the consumers in importing countries, especially lower-middle-income sectors of consumer demand, increase their purchasing power and living standards. In accordance with United States Morgan Stanley company research results projection, United States persons through the import of goods produced in China, 2009, the average person saves more than $ 300.

Haiquan pointed out that, because of Chinese products to the world and people with

To many benefits, China's exports in recent years can be rapid growth. If you only focus on China for the trade surplus, and deliberately avoid importing countries of income and local people's living standards, not objective, not logical.

Western countries should not be blindly over contradictory

After the outbreak of the financial crisis, the world economy recovers in the twists and turns. Haiquan that Rome wasn't built in a day, the western part of the country's current difficulties are essentially its internal economic structure.

All along the Western habit of future income by overdraft to meet contemporary needs, and the birth of the match with a highly developed financial system, entire countries embarked on the consumption of excessive reliance on credit to spur economic growth, leading to severe deformity of economic structure. In the economic prospects of the development model appears to be working properly, but once the deterioration of the environment, and future income is no longer guaranteed, this development model is problematic, unsustainable.

After the crisis of Western countries have recognized this and took some reform measures, such as revive manufacturing, more emphasis on exports, etc. But it should be noted that for a long time the West continued to low cost countries and areas of shifted manufacturing itself to traditional manufacturing industry has some "acclimatized", the short term it is difficult to regain competitiveness; on the other hand, China's exports of most products it is Western countries not to production but indispensable daily consumer goods, even if Western countries not imported from China, but also have to be from other countries and regions of imported similar products.

"Responsibility in action addressing the crisis and the economic recovery of tired, Western countries should focus on finding their own inadequacies and practice exercises, and not simply transfer the contradictions, the blame on others. "Liu Quan said.

Expanding imports also Western unrestricted

In haiquan, Chinese and Western countries economy highly complementary, the two sides can free trade exchange products to meet their needs. But in fact, Western countries abandoned the concept of trade liberalization on the strict and discriminatory export restrictions, human-caused both trade imbalances.

For example, the United States in 2007, the Chinese single out, adding dozens of varieties of commodities of export restrictions, like high-performance computers, aerospace civil technology, high-precision CNC machine tools, etc, but there is a demand in China.

Haiquan said that this made it perfectly clear that China and the western part of the country's trade imbalance is rooted in these countries always reluctant to take the initiative from its own perspective to solve trade deficit problem. "They only take practical action to let go of its comparative advantage and China need goods export restrictions, to fundamentally reaches its goal of increasing exports and improving bilateral trade balance. ”

He describes, in response to the financial crisis, China's efforts to stabilize and optimize export structure, more actively expanding imports, trade balance. In 2009, China initiative organized groups trade investment promotion Corporation, continue to raise the level of import trade facilitation, in Canton fair and other domestic important exhibition organizing import promotion activities. In addition, China and the countries signed the implementation than the WTO more preferential trade agreements, the strong expansion of me from these countries and regions. Last year, China is Japan, Australia, Korea, ASEAN, Brazil, South Africa, the largest export markets are the United States, EU, India's third largest export market, these countries and regions on China's export in the total exports in 2009 year different levels rise.

"The global economic recovery in the critical period, China as a responsible nation, will continue to expand the export import, stability, the stability of the global economic recovery actively contributed. "Liu Quan said.