Sino-US Trade Develops in Interdependency

China and the USA have decided to start up the third round of negotiationon the textile issue in the recent future. Maybe there is some activesignificance to start up this round of negotiation in such an occasion, forChina’s central bank has launched a reform on the RMB exchange rate in Julyand appreciated RMB for 2%. In the meantime, Huo Jianguo, head of theDepartment of Foreign Trade, Ministry of Commerce, revealed that the tradesurplus with the USA is expected to exceed US$90 billion this year.Wang Zihong, Head of Division of Economic Research, Institute ofAmerican Studies, Chinese Academy of Social Science, gave his answerson the question when interviewed by China’s Foreign Trade.