PBOC's Zhou sees trade friction ahead

China's central bank chief Zhou Xiaochuan said in an interview that he expects trade friction to worsen this year.

Speaking in an interview with the latest issue of the financial magazine Caijing, he said the nation's trade surplus is expected to exceed last year's level of 32.1 bln usd by a wide margin.

"In general, trade frictions (with China's partners) will worsen," Zhou said, adding that China's 2005 trade surplus will "markedly surpass the previous year's."

Zhou also said that China needs

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