China is expected to attempt to reduce its growing trade
surplus by signing import deals with the US next month
worth round $12 billion.
to an unattributed report in the China Daily,
the deals will be signed during a high-profile bilateral
strategic economic dialogue in the US in May.
report said that a proposed procurement deal would include
a wide range of American products ranging from soybean
and cotton manufacturing machinery to electronic goods.
to commentators, the deals are part of Chinese efforts
to cut the country''s huge trade surplus with the US,
which reached $230 billion in 2006.
President Hu Jintao''s visit to the US in April 2006,
Chinese enterprises signed deals estimated at $16 billion
on products ranging from soybean to aircraft, the Chinese
also added that next month''s strategic economic dialogue,
whioch would be co-chaired by Chinese vice premier Wu
Yi and US treasury secretary Henry Paulson, is expected
to be frosty with the US formally having filed WTO complaints
against China last week.
reacted by warning that the US move to take China to
WTO on copyright piracy and market access barriers would
have "negative impact" on overall trade relations
between the two.