Li Yushi
Li Yushi
allow change conditions eight gradual maybe ready yuan
China's conditions are not ready (to allow the yuan to float). Maybe in eight or 10 years' time. ... There will only be gradual change before then.
almost along billion china current dollars entered estimated government intervene investment lower means recovery room surplus totally trade
Currently, import is totally businesses' activity. There has been almost no room for the Government to intervene by administrative means after China entered the World Trade Organization . Along with a recovery in investment at home, China's trade surplus in 2006 will probably be lower than the estimated 90 billion US dollars for the current year.
china consumer daily goods labor leads low produces quality service states united
The United States leads the world in the service and high-tech sectors, while China produces high-quality daily consumer goods with low labor cost.
compelling domestic market markets thus traders turn
By contrast, China's domestic market was oversupplied generally, compelling traders to turn to international markets and thus boosting export.
affect begun china concerns continuous exchange foreign growth helped increase major national pursuit reserves trade
China is not in pursuit of a trade surplus. On the contrary, the continuous growth in trade surpluses has become one of the major concerns of the government, as it helped increase China's foreign exchange reserves to US$760 billion, which has begun to affect the national economy.
chinese consider demand domestic due foreign government imports influenced largely though totally trade wrong
Though domestic demand waned and imports slackened in the first half, due largely to macro-economic controls, it is totally wrong to consider the Chinese Government influenced foreign trade with administrative instruments.
chinese consider control demand domestic due economic foreign government half imports largely somehow stepped though totally trade wrong
Though domestic demand waned and imports somehow slackened accordingly, due largely to macro economic control, in the first half of the year, it is totally wrong to consider the Chinese Government stepped in foreign trade with administrative instruments.
exceed surplus trade year
There is little probability that the trade surplus this year will exceed the 2005 level.