Saul

The US has propagated the “loss” of US trade with Chi

hina and uses the deficit as an excuse to provoke economic and trade friction, he said, stressing tha

t the study is based on concrete facts and figures to reveal the nature and causes of the deficit.

The report, Gao said, shows that the US has made great profits from trade with China.

China’s surplus comes mainly from labor-intensive products, and the country saw deficits fo

r products including aircraft, integrated circuits, automobiles and agricultural products, showing both cou

ntries have capitalized on their respective industrial advantages, according to the report.

“Strict control of the US over exports to China is one of the important reasons for the trade deficit,” the report read, adding tha

t US export control measures involve around 3,100 items in 10 categories, including mostly high-tech products.

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