Minister explains China's trade surplus
(Xinhua)
Updated: 2005-12-19 13:57

Vice Minister of Commerce Yu Guangzhou Sunday in Beijing explained China's trade surplus this year with "three characterists".

As the first characteristic, Yu said China's trade surplus mainly appeared in Europe and the United States as the trade surplus is expected to exceed 100 billion U.S. dollars with the United States and 63 billion U.S. dollars with Europe.

As the second characteristic, the trade surplus also focused on the processing area with that surpassing 125 billion U.S. dollars so far, Yu said.

The third, Yu said that the trade surplus focused on the private-owned enterprises with that of over 60 billion U.S. dollars and foreign-funded companies with that of nearly 50 billion U.S. dollars.