Ministry of Commerce experts: March trade deficit reflects deterioration of China's trading conditions

(Reporter Raiwei Liu Jue Liang segment Chen Group) "In March our country had its first trade deficit since May 2005, although a single month's trade deficit did not represent anything, but maintaining high surpluses and deficits was unfavourable."　　Jianguo, dean of the International Trade and Economic Cooperation Institute of Commerce, said at a news briefing yesterday at the Canton Fair that the trade deficit reflected the deterioration of China's trading conditions and needed to keep a close eye on it. "Excessive trade surplus or trade deficit will bring negative impact on China's foreign trade, so at this stage, it seems that the high surplus situation has been changed, the efforts to seek a holistic balance of China's trade is beneficial, in alleviating the pressure on the appreciation of the renminbi also has some ' benefits '." He said that the small trade deficit is normal, but also exposed some of China's competitiveness in the international market, some issues, in the short term, China's trade should adhere to the principle of good quality and efficiency, and in the long run to continue to urge structural adjustment changes.