July 23, 2007 - China puts new curbs on processing trade to address trade imbalanceBEIJING, July 23 (Xinhua) -- China on Monday announced a new policy that seeks to curb the development of process trade in labor-intensive industries, in a bid to reduce its ever rising trade surplus.The new policy, to take effect on August 23, shall cover 1,853 products in plastics, furniture and textiles and other labor-intensive industries.Under the new policy, enterprises engaged in the...