[Ministry of Commerce: China Never Deliberately Pursues Trade Surplus, Current Account Surplus as a Proportion of GDP Remains Within Internationally Recognized Reasonable Range] Jin10 Data, July 28 – On July 28, the Ministry of Commerce released the document titled "China's Position on the So-Called 'Overcapacity' Issue," which stated that China never deliberately pursues a trade surplus. China's export growth stems not only from economies of scale and improvements in innovation capabilities but also from the demand driven by green transitions and industrial development in various countries. For instance, China's export growth to Europe is primarily concentrated in photovoltaics, new energy vehicles, lithium batteries, and chemical products, reflecting the demand for energy products driven by green transitions and the rising production costs in Europe's chemical and other industries due to the energy crisis. China also does not deliberately pursue a higher share of labor-intensive product exports. The proportion of such products in exports has decreased from 20.7% in 2012 to 15.1% in 2025. In terms of trade benefit distribution, "surplus in China, benefits for all parties," with foreign-funded enterprises accounting for 27% of China's exports and 16% of its surplus in 2025. The growth rates of surplus and profits for foreign-funded enterprises are faster than those of domestic enterprises. From the perspective of overall international payments, although China has a significant surplus in goods trade, it has deficits in service trade and investment income. Overall, the current account surplus as a proportion of GDP is approximately 3.7%, which is within the internationally recognized reasonable range.