Magnified trade deficit also leaves great room for exports to China, ministry says

BEIJING - The United States has reaped "fat profits" from China's robust purchasing power and its comparatively low labor cost, even amid the financial crisis, the Ministry of Commerce said on Friday.

The US has also been taking different approaches to process and evaluate trade figures, leading to its "magnified" trade deficit with China and leaving "great room" for it to improve its exports to the developing country, especially in the high-tech sector, the ministry said.