In fact, he added, China has earned a very tiny proportion of the profits from manufactured goods exported to the United States, and US importers and retailers have got the lion's share of the profits.
He also included that moreover, China has used a fairly big part of its hard-earned foreign exchange to buy US treasury bonds.
Bo informed that on the whole, trade between China and the United States is balanced, and China is importing an increasing number of US products. He added that China has become the fourth biggest market of the United States this year.
On the issue of intellectual property rights (IPR), the minister said China has set IPR protection as a state policy, which is vital for the country to cultivate its capability of independent innovation.
China welcomes overseas investors to cooperate in this field, and will take seriously any case of IPR infringement, he said.
Ministry of Commerce of the People's Republic of China
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