From Agence France Press: China commerce chief says US trade data inflated
From Agence France-Press (June 1 2006): China on Wednesday accused the US of inflating its trade deficit figures and said the appreciation of its own currency would do little to improve Beijing’s trade surplus.
“US statistics have inflated the bilateral trade imbalance,” Chinese Commerce Minister Bo Xilai said in remarks published on his ministry’s website.
According to previously released Chinese statistics, Beijing’s trade surplus with Washington last year was 114 billion dollars, but US methods of calculation put the deficit with China at a record 202 billion dollars.
