China tells Davos forum it never pursued trade surplus, vows to import more

From channelnewsasia.com

China never deliberately pursued a trade surplus and is willing to be "the world's market", Vice Premier He Lifeng told the World Economic Forum on Tuesday (Jan 20), after the manufacturing giant logged a record surplus that will further unnerve its trade partners. China is willing to leverage its "mega-sized market" and "more vigorously" expand imports, He said at the WEF's annual meeting in the Swiss ski resort Davos. "We are not only willing to be the world's factory, but also, more eagerly, to be the world's market," He said. Last year, resilient demand for goods made in China helped the world's second-largest ... (full story)