China's trade surplus is expected to exceed US$140 billion this year on total trade of US$1.7 trillion, AP reported, citing Assistant Minister of Commerce Fu Ziying. Previously released government statistics showed the surplus at US$110.9 billion in the first nine months of the year, already more than the record 2005 surplus of US$102 billion. Fu said China hopes to narrow the trade surplus, which draws frequent criticism from its major trade partners, by stimulating internal demand through better coordination of its fiscal, monetary, and trade policies, while curbing rapid export growth. "Foreign exchange policy as well as export and import tax policy are important components of China's macroeconomic control steps and can effectively boost the equilibrium of international balance of payment," he said. Foreign direct investment into China is expected to exceed US$60 billion this year, outpacing an expected US$16 billion in outward direct investment, Fu added.