China-MOC Briefing/US Trade

Both US, China need to work together for trade balance: MOC spokesman

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Shotlist


++16:9++
FILE: Qingdao, Shandong Province, east China - Date Unknown
1. Aerial view of port, containers
2. Various of containers on ship docked at port

++4:3++
Beijing, China - Sept 14, 2017
3. SOUNDBITE (Chinese) Gao Feng, spokesman, China's Ministry of Commerce (MOC):
"China never intentionally seek trade surplus. It is the market that has led to the current trade status quo."

++16:9++
Beijing, China - July 28, 2017
4. Banners of "U.S. beef debut in Wumart"
5. Customers at U.S. beef counter
6. Various of packed U.S. beef
7. Various of customers at U.S. beef counter

++4:3++
Beijing, China - Sept 14, 2017
8. SOUNDBITE (Chinese) Gao Feng, spokesman, China's Ministry of Commerce (MOC):
"It requires both sides to work together to address the imbalance of China-U.S. trade. Since their heads of state met at Mar-a-Lago, China and the United States have been jointly promoting the 100-day Action Plan, have successfully held their first comprehensive economic dialogue and have harvested positive and tangible outcome. We're willing to work with the U.S. side to continue promoting the Action Plan and increase U.S. imports. We also hope the U.S. side would take substantive steps in relaxing export control on China, so as to jointly push China-US trade to develop in a balanced and steady way."

++16:9++
FILE: Texas, USA - Date Unknown
9. Various of cattle on ranch

Storyline


The United States and China should join hands in addressing their trade imbalance, said a commerce ministry official on Thursday at a press briefing.

Gao Feng, spokesman with China's Ministry of Commerce, made the remarks after official figures had shown China's trade surplus with the United States at 26.23 billion U.S. dollars in August, up 4.2 percent year on year. The August trade surplus is the highest since September of 2015.

According to statistics released by the Customs authorities, China's trade surplus with the U.S. in the first eight months is 168.06 billion dollars, for a year-on-year increase of 6.5 percent.

"China never intentionally seek trade surplus. It is the market that has led to the current trade status quo," said Gao Feng at the press briefing in Beijing.

According to this spokesman, China's import from the U.S. increased 20.1 percent year on year to total 100.4 billion dollars from January to August. This increase was higher than the increase of China-U.S. trade volume which was up by 13.5 percent. It was also higher than the increase of Chinese exports to U.S. which was 11.2 percent for the same period. This increase was the highest in five years.

As far as trade of services is concerned, China has been on the deficit side. In the first half of year, China's service trade deficit with the U.S. rose 36.5 percent year on year to 30.32 billion dollars, Gao said.

"It requires both sides to work together to redress the imbalance of China-U.S. trade. Since their heads of state met at Mar-a-Lago, China and the United States have been jointly promoting the 100-day Action Plan, have successfully held their first comprehensive economic dialogue and have harvested positive and tangible outcome," said Gao.

"We're willing to work with the U.S. side to continue promoting the Action Plan and increase U.S. imports. We also hope the U.S. side would take substantive steps in relaxing export control on China, so as to jointly push China-US trade to develop in a balanced and steady way," added the spokesman.

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  • ID : 8061045
  • Published : 2017-09-14 18:54
  • Last Modified : 2017-09-15 15:53:14
  • Location : Beijing,China
  • Category : economy, business and finance,politics
  • Duration : 2'01
  • Audio Language : Chinese/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 3
  • ID : 8061045
  • Published : 2017-09-15 14:47
  • Last Modified : 2017-09-15 15:53:14
  • Location : Beijing,Chine
  • Category : economy, business and finance,politics
  • Duration : 2'01
  • Audio Language : Chinois/Nats
  • Source : Télévision centrale de Chine (CCTV)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Version : 3
  • ID : 8061045
  • Published : 2017-09-15 13:56
  • Last Modified : 2017-09-15 15:53:14
  • Location : بكين,الصين
  • Category : economy, business and finance,politics
  • Duration : 2'01
  • Audio Language : الصينية/ الصوت الطبيعي
  • Source : تلفزيون الصين المركزي
  • Restrictions : ممنوع البث في بر الصين الرئيسي
  • Version : 3
  • ID : 8061045
  • Published : 2017-09-15 13:59
  • Last Modified : 2017-09-15 15:53:14
  • Location : Пекин,Китай
  • Category : economy, business and finance,politics
  • Duration : 2'01
  • Audio Language : Китайский/Естественный звук
  • Source : Центральное телевидение Китая
  • Restrictions : Не доступно материковой части Китая
  • Version : 3
  • ID : 8061045
  • Published : 2017-09-15 14:11
  • Last Modified : 2017-09-15 15:53:14
  • Location : Beijing,China
  • Category : economy, business and finance,politics
  • Duration : 2'01
  • Audio Language : Chino/Nats
  • Source : Televisión Central de China
  • Restrictions : No acceso a la parte continental de China
  • Version : 3
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