The expected drop in trade surplus doesn't match the reality of the situation.
More Quotes from Mei Xinyu:
Borrowing next year's volume is not enough to solve the problem, ... so a much better idea is to lift the quota by a very large scale.Mei Xinyu
It's almost certain that China's trade surplus will remain at a high level in 2006. Obviously, there will be further pressure from trade protectionists in the United States.
Mei Xinyu
What China got in the past few years is only some pretty figures. American and foreign companies have gotten the real profit.
Mei Xinyu
I would like to attribute the surplus to the weak domestic demand.
Mei Xinyu
The U.S. side has politicized the trade issue and largely neglected international practices, which makes it very difficult for people to expect any substantial results from the talks,
Mei Xinyu
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