Trade surplus due to competitiveness

CHINA's trade surplus is not driven by subsidies or an undervalued exchange rate. Instead, it reflects a combination of structural factors, including stronger manufacturing competitiveness, greater import substitution, the restructuring of global supply chains and the expanding presence of Chinese firms in overseas markets, economists said at a recent forum in Beijing.

自動翻訳CHINA's 貿易黒字 is not driven による 補助金 or an undervalued exchange rate. Instead, it reflects a combinatiについて of structural factors, including stronger 製造業 competitiveness, greater 輸入substitution, the restructuring of グローバル サプライチェーンs and the 拡大ing presence of Chinese 企業s in を巡ってseas markets, economists 発言 at a recent forum in 北京.