Minister of Settlement: The era of large -scale trade surplus in China has ended

South Korea ’s Deputy Prime Minister and Minister of Planning, Qiu Qinghao, said that the era of large -scale trade in China’ s trade with China has ended.

According to the Yonhap News Agency, Qiu Qinghao met with South Korea ’s special reporters on Monday (April 10) in New York, USA, and made the above statement on the impact of the economic recovery of China's economic recovery on South Korea after the Chinese epidemic.

Qiu Qinghao visited the United States to attend the G20 (G20) Finance Secretary and the central bank governor meeting.He said that China will not provide a chance to rebound rapidly for the Korean economy as in the past.But the Chinese economic recovery will have a positive impact on the Korean economy after a period of time.

Qiu Qinghao said that the active manufacturing industry in China can stimulate South Korean exports. The consumption demand of Chinese tourists will also have a positive impact on South Korean service exports, but the speed of effort is yet to be observed.

For Han's exports to become the norm, Qiu Qinghao believes that there will be no phenomenon of continuous deficit, but the era of large -scale surplus in the past has ended.