| 1 | China does not seek trade surplus. | |
| 2 | China' s big surpluses and America' s big deficits depend on the real exchange rate between them and all of their trading partners. | |
| 3 | Were the US to start running trade surpluses with China, then China certainly would be an outright seller of treasuries or US$ reserves. | |
| 4 | Rebalancing the world economy is important, but there are limits on what adjustment can or should be undertaken by the surplus countries. | |
| 5 | By rebalancing the relationship between the expansion of production capacity and consumption capacity, it would also reduce the external imbalance (the trade surplus). |
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