China says taxes alone won't cut trade surplus
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New export taxes on polluting and energy intensive industries will help reshape how China's economy grows, but alone are not enough to resolve its trade imbalances with the United States, a top Commerce official said on Sunday.
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In the first half of 2004, commodities investors worried that a hard landing for China's economy could be disastrous for them, but those fears have not borne out.
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Beijing: China has assured its trading partners that it will not swamp the global textile markets after the abolition of quota restrictions from January 2005 and will take eight steps to ensure it.
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Rich nations should not discriminate against sovereign wealth funds from the developing world and must guard against protectionist sentiment, a senior Chinese official said in remarks published on Monday.
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China promises the United States greater exchange rate flexibility, but gives no firm commitments.
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Beijing (dpa) - China is certain to be one of the major beneficiaries of the end of the international quota system for textiles and clothing next year, but it hopes to limit the impact of the change on global markets.
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China pledged on Monday that 2007 would be another year of extensive financial reform but said there was no quick way to bring down its record trade surplus.
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PUTRAJAYA, Malaysia  - China trades fairly with the rest of the world and is pursuing a balance in its external trade, Commerce Minister Bo Xilai said on Friday.
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TORONTO (CP) - The end of trade quotas under a 30-year-old treaty won't radically transform the flow of apparel exports and imports, the head of China's clothing industry said Thursday.
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China faces its first defeat at the World Trade Organisation over a dispute on its import tariffs for car parts, but industry officials say the impact on domestic parts suppliers will be minimal even if Beijing is forced to slash tariffs.
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China posted its biggest trade surplus  in nine years in December, data showed on Tuesday, as the  country's booming exports showed little sign of trailing off.
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China's central bank governor,   acknowledging the challenge posed by China's trade surplus, on   Tuesday described currency reforms to date as important and   said their impact would be felt over time.
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Federal records suggest that China is not the only country that has problems with its exports.
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WASHINGTON -- The Bush administration said Tuesday that China does not meet the technical requirements of a country that is manipulating its currency to gain unfair trade advantages.
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BEIJING: China said Thursday it is opposed to planned US duties on Chinese bedroom furniture imports despite the US Department of Commerce having removed many of the tariffs on several producers.
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China insisted Thursday that its exports are safe, issuing a rare direct commentary as international fears over Chinese products spread.
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China has no immediate plans to let the value of its currency rise, despite renewed pressure at a weekend meeting of Group of Seven finance officials, the government said Monday.