Our trade surplus is likely to be maintained in the foreseeable future, probably extending into the middle of the century, said vice commerce minister Gao Hucheng, at a press event on Thursday in Beijing. The government will address the economic structure to close the trade gap, he said.
Chinas trade expanded 23.8% last year to $1.76 trillion, the third largest in the world behind Germany and the US, according to Chinese statistics. The countrys trade surplus jumped 74 percent to a record $177.5 billion last year. China will adjust trade policies and boost imports, Gao said.