BEIJING, Nov. 28 (Xinhua) -- China is not intentionally pursuing a trade surplus but is aiming for an overall balance of trade, Chinese Premier Wen Jiabao on Wednesday told a China-EU Business Summit.
"We have, and will continue to put in place, measures
aimed at expanding imports and promoting a more balanced bilateral trade," Wen
said.
"The European Union (EU)'s exports to China have
grown at an annual rate of more than 20 percent for two consecutive years," Wen
said, "much higher than the 15 percent rate of the EU's general export growth."
China and the EU have set up a dialogue mechanism on
expanding EU exports to China and redressing the trade imbalance in June, 2007.
Wen said that the mechanism will help the two sides
discuss on more active measures to promote and facilitate trade, in a bid to
further improve the trade balance situation.
This year marks the 10th anniversary of the regular
meeting mechanism between Chinese and EU leaders.
The EU has become the largest trading partner and
export market for China, whereas China is now its second largest trading
partner.
Bilateral trade volume has quadrupled over the past
decade and is expected to exceed 330 billion U.S. dollars this year, Wen said.