From Bloomberg: China Plans to Spur Consumption, Eliminate Trade Gap, Zhou Says
People's Bank of China Governor Zhou Xiaochuan said the government plans to spur consumer spending to help eliminate a trade surplus that's led to tensions with other nations.
"We haven't seen much increase in consumption, but rather we saw rapid growth in exports,'' he said at a conference in Beijing. :This isn't something we want to see. Our policies are to cut the trade surplus to zero if possible. We want to use new policies to increase consumption.''