The Ministry of Commerce said, "China has never pursued a big trade surplus. The current surplus is a result of international demand and supply."
Indeed....the world wants more of what China has to give than China wants of what the world has to offer.
However, China has announced a bold goal of $1 trillion (that's a T) in imports by 2010...up more than 25% from the $792 billion last year.
Last year...China's trade surplus hit $177.5 billion.
The country announced it will eliminate or cut tax rebates on more than 2,800 export items starting July 1st.
Eliminated -
