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China commerce minister says cutting trade surplus is priority task this year


Published : Mon, 15 Jan 2007 05:32
By : Agencies
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BEIJING (XFN-ASIA) - Cutting China's huge trade surplus is the priority task for 2007, Commerce Minister Bo Xilai said.

Bo's comments were reported by the official Xinhua news agency.

'An oversized trade surplus is not good for the development of China's economy,' Bo added.

China posted a record trade surplus of 177.47 bln usd in 2006, compared with 102 bln usd in 2005.

juan.chen@xfn.com

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