(10 May 2011)
Tianjin, 4 May 2011
1. Wide of ship waiting to be loaded in Tianjin Port
2. Export containers being unloaded off a vehicle
3. Wide of crane lifting container onto ship
4. Wide of ship at sea
Beijing, 10 May 2011
5. Set up of Alastair Thornton, China Analyst
6. Cutaway of map with title reading: (English) "Asia Pacific Operations"
7. SOUNDBITE: (English) Alastair Thornton, China Analyst:
"It does not matter what happens from one month to the next month, but we smooth it over a longer period of time, we're looking for exports particularly to play a smaller role in domestic growth. And I think that is clear that is happening to a certain extent, but probably not as fast as the US would like."
Beijing, 6 May 2011
8. Wide pan of news conference
9. SOUNDBITE: (Mandarin) Zhu Guangyao, China's Vice Finance Minister:
"This reflects that we are tackling seriously the re-structuring of the Chinese economy. It also means that China is making a big effort to expand domestic consumption, but we also need to maintain a basic balance of trade."
FILE: Beijing, 14 January 2011
10. Various of people in supermarket buying goods
11. Shoppers in supermarket
STORYLINE:
China on Tuesday reported an unexpectedly large April trade surplus, likely fuelling US pressure over currency controls and market access as American and Chinese officials hold high-level talks in Washington.
China's global trade surplus widened to 11.4 (b) billion US dollars as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 percent, data showed.
The gap exceeded private sector forecasts of 5 (b) billion US dollars to 10 (b) billion US dollars and was a strong rebound after China reported a rare trade deficit in the first quarter of this year.
According to Alastair Thornton, a China analyst working for a western consulting firm, the month to month change was not significant enough to raise concerns.
The question was whether in the long term, exports would play a smaller role in China's economy, he said.
"I think that is clear that is happening to a certain extent, but probably not as fast as the US would like."
China's Vice Finance Minister, Zhu Guangyao said recently to the press that China was trying to make an effort to increase domestic consumption while maintaining balanced trade figures.
"This reflects that we are tackling seriously the re-structuring of the Chinese economy. It also means that China is making a big effort to expand domestic consumption, but we also need to maintain a basic balance of trade," Zhu said.
China recorded a trade deficit for the first three months of 2011 and a surplus of just 140 million US dollars for March.
Still, analysts expect China to show a global trade surplus for the year of 160 (b) billion to 200 (b) billion US dollars.
Last year, China ran a trade surplus of about 16 (b) billion US dollars a month.
Regulators have tightened curbs on lending and investment to rein in a boom that has driven demand for imported iron ore, oil, machinery and other goods.
Imports in April were 144.3 (b) billion US dollars but growth slumped to 21.8 percent from March's rapid 32.6 percent expansion.
Exports surged 29.9 percent to 155.7 (b) billion US dollars, reflecting stronger global demand.
The wider trade surplus suggests Beijing is making only limited progress in efforts to rebalance China's economy away from reliance on trade and investment by boosting domestic consumption.
That might help to boost Chinese imports, narrowing the American trade surplus with China, which hit an all-time high last year.

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