>Home>News Center>China
       
 

US senators to visit China to talk trade issues
(AFP/chinadaily.com.cn)
Updated: 2006-03-16 06:57

Two US senators announced plans to visit China next week in an effort to press Beijing on its trade policies ahead of a vote later this month on legislation that could lead to hefty sanctions.


US Senator Lindsey Graham(L), speaks as US Senator Chuck Schumer, listens during a media conference on Capitol Hill in Washington. [AFP]
Democratic Senator Chuck Schumer and his Republican colleague Lindsey Graham said that they would visit China before a floor vote on the bill, which would slap a 27.5-percent tariff on Chinese imports.

They will lead a delegation leaving March 19 for China and will meet with high-level government, economic, business, and security officials in the three major cities, according to a statement from the two lawmakers.

"We are going to China next week because this is a critical time for global trade and our relationship with the world's most populous and fastest growing country," said Schumer.

"Today, we have the largest trade deficit in history with China. If China is to be a player in the world economy, they must play by the rules every other country has to play by ... We hope we are given some reason to be hopeful that China will revalue its currency and play by the rules while we are there."

Washington is facing growing complaints over the bulging US trade deficit with China, which hit 201.6 billion dollars for 2005, up 24.5 percent for the year.

"It's an amazing country in many ways," U.S. President George W. Bush said of China, while discussing rising American protectionism with major newspaper publishers in Washington D.C last week. "It's a country that has chosen the path, by and large, of markets and enterprise. They are an economic issue for us, and that's why we've got a huge deficit with them."

Some critics and lawmakers argue that China benefits from an artificially low currency and various subsidies, offers few trade opportunities for US firms and does little to crack down on piracy of US patents and copyrights.

And some American economists have blamed the American enlarging deficit on American consumerism.

R. Glenn Hubbard, former chairman of the Council of Economic Advisers to the White House and now the dean of Columbia Business School, said that even a sharp revaluation of the yuan by 15 percent or 20 percent might not make much of a difference in the overall trade deficit of the United States as long as the United States has a very low savings rate.

"If we don't have a deficit with China," he said, "we'll have a deficit with someone else."

Despite China's official statistics showing a 2005 U.S. trade surplus of US$114 billion, trade officials say China is not deliberately pursuing a trade surplus with the United States but rather a balance in imports and exports.

On July 21 last year, China's central bank, the People's Bank of China, raised the value of the yuan against the US dollar by 2.1% and adopted a market-sensitive currency exchange policy. The policy allows the yuan's daily rate to float in line with major world currency changes. The yuan has since climbed a further one percent against the dollar.

Li Zhaoxing, China's Foreign Affairs Minister, said Tuesday in Beijing China not only wants to import American Boeing planes, grain, citrus and other fruit, it also wants to import high-value, high-tech computers and equipment. America has refused to export such items to China since 1989, citing national security reasons. Li noted inexpensive Chinese goods have helped America maintain high living standards and helped reduce inflationary pressures.



Tallest woman in Asia
Volunteer: Learn to protect our environment
China marks World Consumer Rights Day
  Today's Top News     Top China News
 

US senators to visit China to talk trade issues

 

   
 

Consumption seen as new driver of growth

 

   
 

General aviation sector to scale new heights

 

   
 

Stringent checks on products assured

 

   
 

China sets minimum age for TV contestants

 

   
 

Saddam urges Iraqis to unite against US

 

   
  Toll hits 21 in N. China coal mine blast
   
  Rolls-Royce wins follow-on China order
   
  Wen: We're watching secessionists moves
   
  Plagiarism, fake research plague academia
   
  China sets minimum age for TV contestants
   
  Communication channel with Dalai Lama open
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 国产成人精品久久亚洲高清不卡| 日本乱妇bbwbbw| 人妻精品久久久久中文字幕一冢本| 草莓视频秋葵视频在线观看ios| 国产精品一区二区在线观看| 99ri在线视频网| 好男人好影视在线观看视频| 中文字幕第9页萱萱影音先锋| 日韩欧美亚洲国产精品字幕久久久 | 欧美一卡2卡3卡4卡免费| 亚洲第一二三四区| 精品伊人久久久| 啊轻点灬大ji巴太粗太男| 青青草原综合网| 国产成人精品免高潮在线观看| 1000部拍拍拍18勿入免费凤凰福利| 在线观看日韩一区| 一二三四日本高清社区5| 成人免费无码大片A毛片抽搐| 久久91综合国产91久久精品| 日本理论片www视频| 久久精品视频国产| 最近高清日本免费| 亚洲三级在线观看| 欧美又大粗又爽又黄大片视频黑人 | 成人做受120秒试看动态图| 中日韩国语视频在线观看| 日本www在线观看| 久久久久成人精品无码| 日本在线高清视频| 久久国产乱子伦精品免费强| 日韩中文字幕在线观看| 久久青草精品一区二区三区| 桃花影院www视频播放| 亚洲av永久精品爱情岛论坛| 欧洲最强rapper潮水免费| 亚洲va成无码人在线观看天堂| 欧美成人在线免费观看| 亚洲国产精品久久网午夜| 欧美国产日韩a在线观看| 亚洲免费人成在线视频观看 |