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
       
 

US launches new task force on China trade
(AP/China Daily)
Updated: 2006-02-15 11:15

China is willing to work with the United States to seek a balance in their trade, but it will not help if political elements are embedded in the issue, a top Chinese legislator said Tuesday.

Cheng Siwei, vice-chairman of the Standing Committee of the National People's Congress, said China and the United States should ease frictions in their trade ties and find a win-win solution through consultations.

"We are equal partners and we should deal with the problem calmly Don't politicize it," Cheng told a Sino-US trade forum.

Cheng's remarks came amidst the backdrop of rising pressure from US congressmen to the Bush administration to find fault with China.

US senators Byron Dorgan and Lindsey Graham introduced legislation last week to repeal the normal trade relations status between the two countries.

The US Congress granted China permanent normal trade relations status in 2000, paving the way for its entry to the World Trade Organization.

Another piece of legislation proposes to impose across-the-board tariffs of 27.5 per cent on Chinese imports unless Beijing revalues its currency.

Cheng admitted that China has a big trade surplus with the United States, but clarified that it is not the country's aim.

"What we should bear in mind is that both sides reap benefits from trade co-operation," he said.

He quoted a study by US investment bank Morgan Stanley estimating that US consumers had saved US$600 billion in the past decade by buying cheaper goods made in China.

China had also used a significant chunk of foreign exchange reserves, partly earnings from its trade surplus, to buy US bonds. At the end of 2005, China held US$300 billion in US treasury bonds.

Cheng called on the United States to help reduce its deficit with China by relaxing restrictions on high-tech exports only 10 per cent of China's high-tech imports come from the United States.

"I would say if you could sell a space shuttle to China, the situation would be greatly improved," Cheng said. "That's a joke. But China has to be allowed to buy more than Boeing airplanes."

Vice-Minister of Commerce Yi Xiaozhun told the forum that China had done a lot to reduce the trade deficit, with imports from the United States witnessing the highest growth in 2005.

China reported that its surplus with the United States last year was US$114.2 billion. Using different statistical standards caused the discrepancy with the US figure.


Page: 12



Chinese celebrate Valentine's Day
Valentine's day celebrated in China
Myanmar PM in China for anti-drug cooperation
  Today's Top News     Top China News
 

'Regulation of Internet in line with world norms'

 

   
 

Hu pledges to improve farmers' lot

 

   
 

US launches new task force on China trade

 

   
 

US told not to politicize trade issue

 

   
 

China rejects covert agents charges

 

   
 

Saddam, co-defendants go on hunger strike

 

   
  Demolition project targets historic campus
   
  New airliner orders 'at suitable level' for demand
   
  Sangria celebrations beckon for 2007
   
  Disability survey aims to help form policies
   
  Nike sues man selling fake shoes
   
  Rural school teachers to enjoy better conditions
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
永善县| 乐至县| 察哈| 将乐县| 麻城市| 南平市| 屏南县| 鄂尔多斯市| 安塞县| 蓬安县| 龙南县| 安庆市| 太谷县| 谢通门县| 贵港市| 全椒县| 体育| 罗平县| 宿州市| 渭源县| 平度市| 台中县| 江陵县| 五台县| 宣威市| 彰武县| 青川县| 青田县| 越西县| 霍林郭勒市| 囊谦县| 泰宁县| 松潘县| 高碑店市| 文昌市| 积石山| 高青县| 思南县| 外汇| 东宁县| 襄樊市|