China'S Commerce Minister Says It Is Watching Closely The Issue Of Exports To The United States
Chinese Commerce Minister Chen Deming said on the 3 day that he would pay close attention to the issue of exports to the United States.
Chen Deming, attending the first meeting of the Eleventh National Committee of the Chinese people's Political Consultative Conference, said that trade issues between China and the United States are being mediated and will not have a big impact on China's exports.
He also said that imports will increase and exports will increase this year.
Since last year, the US subprime mortgage loan rate has risen sharply, and the US economy has shown signs of decline.
In 2007, China exported $232 billion 700 million to the US, an increase of 14.4% over the same period last year, and China imported $69 billion 380 million from the United States, an increase of 17.2% over the same period last year.
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