From Chinaelections.org:
The American side shuns an issue of a surplus in its service trade to China, and China only receives part of the fees from the products it has processed from its processing trade, and this is the gist of an exclusive interview given by Chen Wenjing, vice-president of the Chinese Academy of International Trade and Economic Cooperation with reporters of “People’s Daily”, a leading newspaper in China.
There was a gap of over 100 billion US dollars in the Sino-US trade surplus last year owing to difference involved in the statistical norms concerning the trade between China and the United States, Chen noted. A bilateral trade surplus will go on increasing this year, according to trade insiders here, and it is expected to reach some 140 billion dollars, and Chen queried what causes so big statistical differences? (The questions and answers of Chen’s recent interview are as follows.)
Q. There was a disparity of over 100 billion US dollars in the Sino-US trade surplus least year. In your view, what do you think causes so big a statistical gap?
A. I owe an imbalance in Sino-US trade to factors from many aspects, not only to differences in economics and trade mix and the relevant policies of both sides but to the international division of labor and the transfer of trade deficit derived from the adjustment and transfer of global industrial structures; not only to differences from the angle and statistical methods of both nations, but also to the concepts and approaches adopted by both nations to deal with these problems. [Full Text]
