国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  Home>News Center>China
       
 

China chides U.S. for criticism over trade, yuan
(Reuters)
Updated: 2006-02-14 20:39

EVERYBODY GAINS

Cheng said China and the United States should start to bridge their differences over trade by agreeing on the size of the problem.

China reported its surplus with the United States last year at $114.2 billion. Washington put its deficit with China at $201.6 billion.

The discrepancy is largely because the United States counts exports shipped through Hong Kong as originating in China. The United States also counts the cost of shipping and insuring exports in its figures.

Cheng urged Washington to acknowledge the benefits it reaps from trade with China. He quoted a study by U.S. investment bank Morgan Stanley estimating that U.S. consumers had saved $600 billion in the past decade from buying goods made in China.

China had also plowed a lot of the earnings from its trade surplus into U.S. bonds, helping to lower interest rates for U.S. home buyers, Cheng said.

He called on the United States to help reduce its deficit with China by relaxing rules on high-tech exports, which Washington fears could be adapted for military purposes.

China sourced only 10 percent of its high-tech imports from the United States, he said. This was not enough. China had to be allowed to buy more than Boeing Co. aircraft.

"If the United States doesn't want to export, how can we achieve balance in our trade?" Cheng asked.

Vice Commerce Minister Yi Xiaozhun also tried to turn back Washington's complaints, telling the same forum that China sought to achieve broad balance in its foreign trade.

He said 83 percent of China's trade surplus reflected exports by foreign firms that had built factories in China to take advantage of its cheap labor.

"If we look at the figures, it appears the United States is running a big trade deficit. But after doing some analysis, we can see it's mutually beneficial and that the United States and China share a roughly similar level of benefits," Yi said.


Page: 12



Valentine's day celebrated in China
Hu meets with Togo president
Chinese peacekeepers on guard in Haiti
  Today's Top News     Top China News
 

China chides U.S. for criticism over trade, yuan

 

   
 

Top planner: Oil refinery capacity 'must rise'

 

   
 

China: Charges it has agents in US groundless

 

   
 

China: Proposed bill on trade harms ties

 

   
 

CPC punished 115,143 members last year

 

   
 

China facing serious job shortage

 

   
  China chides U.S. for criticism over trade, yuan
   
  China: Charges it has agents in US groundless
   
  China: Proposed bill on trade harms ties
   
  China facing serious job shortage
   
  China intends to push for GM crop studies
   
  China bans piracy in entertainment places
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
US pushing for more open markets in China
   
China cautions yuan moves
   
US raising tensions over China's currency
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
邮箱| 定边县| 太湖县| 邵阳市| 长沙市| 沂南县| 孙吴县| 四平市| 邯郸县| 海晏县| 上林县| 星子县| 阳泉市| 永登县| 柘城县| 嘉定区| 靖边县| 乳山市| 竹北市| 望城县| 交城县| 潼南县| 鄂尔多斯市| 重庆市| 蕲春县| 湾仔区| 高密市| 花莲县| 尉氏县| 曲松县| 兴化市| 宾阳县| 天祝| 大冶市| 洱源县| 仙居县| 道孚县| 迁西县| 辽宁省| 垦利县| 绵阳市|