China has 87.5 bln USD of trade deficit with E. Asian region

时间：2007-07-19 00:44:39

（单词翻译:单击）

Chinanews, Beijing, July 18 – Although generally speaking, China has a large trade surplus with other countries, its trade with East Asian regions in particular are in deficit1. The deficit is as large as 87.5 billion US dollars, said Liao Xiaoqi, deputy minister of commerce.

 

He made the statement while attending the 2007 East Asian Investment Forum2 held in Beijing last Saturday.

 

China mainly imports raw materials and spare parts from East Asian countries. All these raw materials and spare parts, after being processed or assembled, will be exported to the European market. China has become the largest export market for South Korea, the second largest export market for Japan, the third export market for Thailand, and the fourth export market for Indonesia, Singapore, the Phillipines and Malaysia. Chinese economic development has brought opportunities for all East Asian countries, Liao said.

 

He said that China attaches great importance to regional economic cooperation. In 2010, China will establish a free trade zone with ASEAN countries. China has also signed agreements to establish a free trade zone with Pakistan and Chile and the agreement is being implemented3. At present, China is working to sign agreements to establish a free trade zone with such countries and regions as New Zealand, Australia, the Gulf4 Cooperation Council, Singapore, and Iceland. The number of free trade zones that China has established or is working to establish with other countries and regions has already reached 11. The 11 free trade zones cover 28 countries and regions and trade activities with these countries account for one-fourth of China’s total export volume.

 

At present, China has entered into a fast round of expansion in its overseas investment activities. Over the past three years, China’s direct investment at overseas market has increased at an annual rate of 70% or more, making China now one of the biggest investors5 in the world. By the end of last year, China’s investment activities at overseas market covered 160 countries and regions and its total investment reached 13 billion US dollars, Liao noted6.

 
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1 deficit tmAzu     
n.亏空，亏损；赤字，逆差
参考例句：
  • The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
  • We have a great deficit this year.我们今年有很大亏损。
2 forum cilx0     
n.论坛，讨论会
参考例句：
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
3 implemented a0211e5272f6fc75ac06e2d62558aff0     
v.实现( implement的过去式和过去分词 )；执行；贯彻；使生效
参考例句：
  • This agreement, if not implemented, is a mere scrap of paper. 这个协定如不执行只不过是一纸空文。 来自《现代汉英综合大词典》
  • The economy is in danger of collapse unless far-reaching reforms are implemented. 如果不实施影响深远的改革，经济就面临崩溃的危险。 来自辞典例句
4 gulf 1e0xp     
n.海湾；深渊，鸿沟；分歧，隔阂
参考例句：
  • The gulf between the two leaders cannot be bridged.两位领导人之间的鸿沟难以跨越。
  • There is a gulf between the two cities.这两座城市间有个海湾。
5 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
6 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。

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