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British media: there is a huge trade imbalance China


British "Economist" Feb. 8 article , the original title : China domestic trade in fact, just as a continent ( trade )


Its internal trade compared to what China 's foreign trade imbalance can not be considered .


Located in northwest China 's Ningxia Hui Autonomous Region has a population of 6.3 million , of which about 1/ 3 of the descendants of Silk Road travelers Muslims . The region is urgently revive the shape of its unique ethnic composition of trade networks , so that over-reliance on coal, metal and chemical products to diversify the regional economy .


To this end, the Ningxia wolfberry has a tonic effect hopes to sell to health-conscious people to pay attention to the soul of the Muslim sale certified halal food , but for those who do not care about Both of these two , and to sell them excellent wine ...... If these plans successful, will help to narrow its Ningxia and other places in the world - a huge trade deficit - and other provinces in China .


China 's international trade scale than any other country . Also a large number of trade between its various provinces , but this trade is far from equilibrium . If China 's economy each province as an independent body , there is a huge trade deficits and surpluses as well as between them and the rest of the world .


In absolute terms , in 2012 the largest trade deficit with China is central Henan province , was once flowing out of Chinese civilization , ( and then ) is the province's net inflows amounted to 580 billion yuan ( about 96 billion U.S. dollars ) of goods and services. However , the relative value terms , the largest trade deficit with China's western provinces . Ningxia 's trade deficit has accounted for almost 40% of its GDP, than any entity countries current account deficit. Qinghai, Yunnan and Tibet trade deficit (ratio ) is even higher.


Such trade deficit reflects the " Go West" strategy of Beijing , the Chinese government invested efforts in Western infrastructure. From other parts of China and overseas net "import" , so that these can be relatively poor province capital above its "income" is used for consumption and investment. 2012 investment rate equal to 89 percent of Ningxia 's GDP. As the " roof of the world " Tibet already " worn out " the roof , the investment rate equal to 101% of local GDP.


In Yinchuan, capital of Ningxia , ( foreign ) investment signs everywhere. Foreign companies are helping to build a luxury hotel shaped like a dragon and shopping centers , these facilities will attract many international brands have settled down. But not all things are from the "import " workers live in dormitories and cooking coal piled beside it produced locally.