late peak according to the voice of the news reports, the Ministry announced yesterday 1: China's foreign trade shows, in February this year, a $ 7.3 billion trade deficit in foreign trade in China, this is the second recurs monthly deficit since March last year. Despite the March trade data has not been announced, but under the Minister of Commerce Chen Deming has been “3 reproduced months early deficit, overall deficits can also occur in the first quarter ” findings.
trade deficit increased frequency, Liet disadvantages yeah? Trend of China's foreign trade imbalance is further increased? Able to change this situation in the trade of RMB appreciation? Reporters on the Central Party school's Economics Department Deputy Director Han Baojiang interviews were conducted.
Reporter: economic deficit is good or bad, deficit phenomenon explains what?
Han Baojiang: it should be said that in recent years in order to adjust the structure of import and export of our country, our domestic surplus be much problem has always been a focus of our import and export structure adjustment. As a December deficit this year, on the one hand reaction we import and export policies of structural adjustment are now tentative, on the other hand between the structure of import and export structure with foreign market demand in China has also some adjustments.
I think, due to the slow economic recovery in the world on the one hand, international demand for Chinese products than high demand in the past. At the same time our country in recent years in part limited exports, for example, including some pollution consumption of industry, so in this sense, I think the deficit now is a positive signal, it reflects a sign of adjusting the structure of import and export policies of our country.
Reporter: Judging from the structure, 99% at present, China's trade surplus is on a small number of big exporters, namely to ASEAN, Japan and Korea to both Africa and South America as a whole is already a deficit, does this mean that Chinese trading structures are not balanced, this balance can be improved?
Han Baojiang: I do not think is unbalanced, because our China trade in the past mainly for Europe and this country, a large market, we on some parts of Asia and exports were not a lot. In order to reduce the over-reliance on European and American markets, our regional structure, from policy adjustment always on is also our policy, so in that sense, I think this is not an unbalanced, is a strategically adjust the structure of regional economy of our country very important key points of the policy.
Reporter: China's trade surplus with few powers, whether by way of appreciation be improved?
Han Baojiang: I think that the problem of RMB appreciation is still a very cautious, because resolving trade imbalances in our country and not just rely on the Renminbi, and more importantly these European and American powers in respect of restrictions on Chinese products export structure and export policies should be adjusted.
such as we willing to import some high-tech, including some military area of import, they for a species wary always on we for limit, instead we on it of many products export because basically is developed people life required of, such a life necessities and full with this demand of rigid, over time we to buy he does not sold, results we of things he and had to buy, over time formation developed surplus of trend.
to really change the situation, the initiative is also in the developed world how they need some high-tech in China, including some required some of the imports of the product in China, if they give a more lenient policy, I think the trade surplus in the balance between China and developed countries (beneficial), this is the need for developed countries to do the work.
