>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: 最近最新2019中文字幕高清| 青草视频网站在线观看| 姚瑶小说穿越到古代免费阅读下载| 久久精品国产99久久丝袜| 欧美最猛黑人xxxx黑人猛交| 免费v片在线观看视频网站| 老师小sao货水好多真紧h视频| 国产成人亚洲精品大帝| 14萝自慰专用网站| 国语对白一区二区三区| www香蕉视频| 成人在线观看免费| 久久久久久久99精品免费观看 | 999影院成人在线影院| 好男人资源在线www免费| 中文字幕一区视频| 日本5级床片全免费| 久久精品无码精品免费专区| 欧美人妻一区二区三区| 亚洲欧美成人一区二区在线电影| 热久久中文字幕| 人碰人碰人成人免费视频| 精品久久久久久亚洲精品| 噜噜噜在线视频免费观看| 色婷婷天天综合在线| 国产不卡视频在线| 被男按摩师添的好爽在线直播| 国产在线观看www鲁啊鲁免费| 国产香蕉在线精彩视频| 国产的一级毛片最新在线直播| 窝窝午夜看片成人精品| 国产精品无码无在线观看| 337p色噜噜人体大胆欧美| 国产精品色拉拉免费看| 7777久久亚洲中文字幕| 国产边打电话边被躁视频| 91福利视频网站| 国产精品青青青高清在线| 69网站在线观看| 国产色无码精品视频免费| 91香蕉国产线观看免|