Chinese Minister of Commerce Chen Deming said yesterday that the author, the current profits of Chinese exporters an average of only 1.77%.If the U.S. really on the punitive import tariffs in China, the Chinese government will respond.

Chen Deming thisarticle entitled" constructively promote the healthy development of Sino-US economic and Trade relations," the article is about 3500 words, and the English version dispensed.Also announced Mr Chen accept the" Washington Post" article in the interview, he expressed the hope that China's voice to the United States.

in article, by Chen Deming 11 lists the trade imbalance caused by the five reasons that trade" surplus in China, interest in the United States" and reiterated its support for increased U.S. exports.

China's exportscorporate profits, only 1.77%

In the article, Mr Chen by using the detailed data shows that U.S. export controls exacerbated the trade imbalance.Long-standing U.S. export control to China in recent years, rapid growth in imports of Chinese high-tech products, but imports from the United States increased from 18.3% in 2001 to 7.5% in 2009, according to Chamber of Commerce estimates that by 2020 China's only integrated circuits,machine tools and civilian aerospace demand for imports as high as more than 6000 billion dollars, but a large number of products are subject to U.S. export controls.

He citedsaid the earthquake, the Chinese want to buy several Taiwan and American Black Hawk helicopter engines for earthquake relief, but the U.S. government did not agree.

" intrade restrictions, we want to buy products buy the case to discuss the exchange rate issue is not fair." Chen Deming said.

article saidRMB exchange rate can not solve Sino-US trade imbalance.Trade flows of the decisive factors in the market supply and demand, rather than the exchange rate.Recent estimates of the Ministry of Commerce showed that the average profit of Chinese exporters is only about 1.77%.

surplus inChina's interests in the U.S.

Chen Deming said, simply China's surplus in trade in goods interpreted as a benefit China, the United States suffer, is a very one-sided.

For the United Statespeople, because the U.S. imports from China mainly consumer goods, can be said for Americans of Chinese products in 2009 saved about 100 billion U.S. dollars in expenses.Chen Deming said that restricting imports from China can only be the American people, especially the expense of the welfare of low-income groups.

ForU.S. enterprises, China's processing trade exports to the United States accounted for 60%, in 2009 the formation of processing trade surplus with the U.S. 117.6 billion U.S. dollars, accounting for 82% of China-US trade surplus.Processing enterprises in China, after production of export orders, received only a small number of processing fees, and product design, transport, storage and marketing aspects of the large profits by including U.S. businesses, foreign companies get.

2009 China to the United States has more than 1400 billion surplus, which cause about 76% of foreign-funded enterprises, and these foreign companies, chiefly the United States investment in China's enterprises.

same time,U.S. investment and trade in services from China get great benefits.In the service sector, the United States to maintain long-term trade surplus with China, nearly 35% average annual growth of 5 years.At present, China-US trade in services initially estimated at 13 billion deficit to 150 billion.

will continue tothe implementation of import promotion policies

" There is no doubt that China will continue to impose import promotion policies." Chen Deming reiterated.According to U.S. statistics, U.S. export growth this year by 18.2% in January, but exports to China up 64.9%.

Chen Deming saidto solve Sino-US trade imbalance, negative pressure does not help China's exports, China's support for increased U.S. exports, including the US-funded enterprises, including foreign-funded enterprises in China to create a favorable investment environment more equitable, but also hope the United Statesable to maintain a spirit of openness and healthy development of Sino-US economic and trade cooperation.

" ifsome U.S. lawmakers insist on imposing a Chinese currency manipulation to give the name, and in the name of China is really on the punitive import tariffs, the Chinese Government is impossible not to respond." Chen Deming said.

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