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A powerful influx of capital saw China post its second largest trade surplus of $15.3 billion this September. “For the first time in nine months, China’s trade surplus reached $110 billion, exceeding last year’s total,” reported Bloomberg News, citing the latest China’s customs statistics. The soaring trade surplus not only further strains economic ties with the United States, but also threatens China’s economic security. As the Chinese Government is working to curb the trade surplus through encouraging imports and boosting domestic spending, Guo Shuqing, Chairman of the China Construction Bank, one of the five state-owned lenders in China, shares his thoughts on the upside of Sino-U.S. trade relations.
A powerful influx of capital saw China post its second largest trade surplus of $15.3 billion this September. “For the first time in nine months, China’s trade surplus reached $110 billion, exceeding last year’s total,” reported Bloomberg News, citing the latest China’s customs statistics. The soaring trade surplus not only further strains economic ties with the United States, but also threatens China’s economic security. As the Chinese Government is working to curb the trade surplus through included imports and boosting domestic spending, Guo Shuqing, Chairman of The China Construction Bank, one of the five state-owned lenders in China, shares his thoughts on the upside of Sino-US trade relations.