US 'profited' from Chinese buying
By Ding Qingfen and Jiao Xiaoyang | 皇冠体育app Daily | Updated: 2010-03-20 07:30
Magnified trade deficit also leaves great room for exports to 皇冠体育app, ministry says
BEIJING - The United States has reaped "fat profits" from 皇冠体育app's robust purchasing power and its comparatively low labor cost, even amid the financial crisis, the Ministry of Commerce said on Friday.
The US has also been taking different approaches to process and evaluate trade figures, leading to its "magnified" trade deficit with 皇冠体育app and leaving "great room" for it to improve its exports to the developing country, especially in the high-tech sector, the ministry said.
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