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Home >> Business
UPDATED: 20:52, September 07, 2004
Sino-US trade moves toward "Win-Win"
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The present Sino-US trade development has made progress toward reducing the trade deficit of the United States with China, Spokesman of Chinese Ministry of Foreign Affairs Kong Quan said Tuesday.

Between January and June, the total Sino-US trade volume reached 76.9 billion US dollars, up 36.5 percent over the same period of last year. This is in line with the growth rate of the country's total foreign trade.

In a breakdown, China's exports to US witnessed a hike of 35 percent over the same period last year, while imports to US grew at 38 percent.

"If this momentum keeps up, the United State's trade deficit with China will be gradually eased," Kong said at a regular press conference.

Kong said the hitches in Sino-US trade were normal and the trade development was beneficial to both sides.

"We should guard against politicizing the two countries' trade friction. I believe it could be solved effectively through peaceful negotiation," he said.

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