| 摘 要： | At the very end of the first quarter this year, the United States filed an anti-subsidy case against imported Chinese coated paper and planned to levy a punitive tax of up to 20 percent. The Chinese Government regretted the decision and is working to resolve this matter. As the Chinese foreign exchange watchdog discovered, the surging trade surplus in recent years is partly shored up by a huge influx of international hot money. The supervisory department is bent on checking the speculative capital in an effort to bal-ance China's international payments. At the end of March, the Chinese Ministry of Commerce issued its guidelines on foreign investment in China. Service and hi-tech companies are welcomed. China itself has invested heavily in overseas mar-kets with a total of $16.1 billion last year, mostly in Latin America. Late in April, China CITIC Bank, the seventh largest bank in China, will be listed on both the Hong Kong and Shanghai stock exchanges, the second duel-listing after Industrial and Commercial Bank of China.
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