China blames surplus on US high-tech export curbs (Rueters) Updated: 2006-04-11 17:14
U.S. curbs on high-technology exports to China are the main reason for
China's growing trade surplus with the United States, Commerce Minister Bo Xilai
said on Tuesday.
 Chinese Commerce
Minister Bo Xilai makes a statement at Hong Kong's Convention and
Exhibition Centre December 14, 2005. U.S. curbs on high-technology exports
to China are the main reason for China's growing trade surplus with the
United States, Bo said on Tuesday.
[Reuters] |
Asked whether China's campaign to protect intellectual property rights (IPR)
would help narrow the imbalance in two-way trade, Bo told reporters: "Instead of
saying the cause is China's IPR problems, it is in fact U.S. curbs on high-tech
exports that affect the trade imbalance between China and the U.S."
"Even though the IPR issue is not the main cause, the Chinese government
attaches great importance to IPR protection," he added.
Bo said U.S. technology exports to China had been growing only half as fast
as the European Union's, which in turn were slower than those of Japan.
China's trade surplus last year came to $102 billion.
But Bo said that if exports from foreign-owned firms were stripped out, the
surplus had been about $20 billion to $30 billion. Foreign firms generated 58
percent of Chinese exports last year, he added.
|