It takes some time for China to gradually address its trade imbalance on the
international market, Chinese top banker Zhou Xiaochuan said Monday.
China has taken a number of measures helpful to boosting import, such as
adjusting foreign exchange rate and importing a great deal of raw materials,
said Zhou, governor of the People's Bank of China, the central bank.
The
factors of rising production cost, increasing labor payment and improving social
security are in a whole exerting impact on China's import and export balance,
Zhou told a press conference held on the sidelines of the annual session of the
National People 's Congress (NPC), China's top legislature.
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