China pays great attention to U.S. concerns about trade imbalances, IPR protection and others, and has taken, and will continue to take, effective steps to address them gradually. China is not after prolonged surplus in trade with the United States, and will continue to honor its WTO commitments by opening its market still wider to U.S. products. The Chinese Government attaches great importance to IPR protection and will step up its measures in this regard. We have lowered the threshold for criminal penalties against IPR infringement, intensified law enforcement and launched IPR protection campaigns. These measures will continue to be implemented. It takes the efforts of both China and the United States to address their economic and trade frictions. We hope that the United States will recognize China’ s full market economy status, lift restrictions on commodity and technology exports to China and correct the wrong practices of trade protectionism. Increasing exports to China, instead of restricting imports from China, is the right course of action to solve trade imbalances.