BEIJING, Dec. 12 (Xinhua) -- Chinese Vice Premier Wu Yi
advocated dialogue and consultation as the only way to settle economic and trade
disputes at China-U.S. high-level economic talks which opened here Wednesday.
Speaking at the opening ceremony of the bilateral
Strategic Economic Dialogue, she recognized that the strong growth of China-U.S.
business ties has boosted their cooperation in other fields and has become a
foundation for the overall China-U.S. relations.
"History has repeatedly shown it is dialogue and
consultation, not confrontation and finger pointing, that has enabled the
China-U.S. business relations to grow."
Bilateral trade volume is expected to top 300 billion U.S.
dollars this year, said Wu, adding that the two countries are each other's second
largest trading partners and that China has been the fastest growing export
market for the United States for five years in a row.
"We should address issues in our business relations
in a constructive way," said Wu, who believes that the talks will help boost
China-U.S. business ties and constructive and cooperative relations.
The two-day high-level talks will focus on
down-to-earth issues from trade integrity, product safety, balanced economic
development to energy and environmental cooperation.
"These issues are those of concern to both countries
and demonstrate our shared desire to resolve difficulties and problems in the
rapid growth of bilateral business ties," she said.
But Wu warned that "We oppose attempts to politicize
trade issues," which will harm the interests of both sides.
"I am particularly concerned about the 50
protectionist China-related bills introduced in the U.S. Congress," she said. "I
must candidly tell Secretary Paulson that these bills, if adopted, will severely
undermine U.S. business ties with China."
Wu appealed to the U.S. government, Congress and media
to heed the voice of the U.S. business community which claimed in a joint letter
to the Congress in September that trade sanctions against China would "only
cause a negative impact."
The vice premier also reiterated that China, whose policy is
to maintain a basic balance in international payments, has no intention to
seek a large trade surplus with the United States.
"I once again call on the United States to relax its export
control over hi-tech products for civilian use in China," she said. This is in
the interest of the United States. because it will help expand its market share in China,
she added.
"Our policy is clear. China's door is wide open to
American products and the key is what policy the United States should pursue."
Chinese exports in October jumped 22.3 percent
to 107.7 billion dollars over the same month last year, pushing its
monthly surplus to a record 27 billion dollars.
The allegedly undervalued Chinese currency, the yuan, gives
China's exporters an unfair advantage and is a main reason for the massive trade
imbalance between China and the United States, according to U.S. critics.
Vice premier Wu stresses opening up,
avoiding trade protectionism
 |
|
The 18th China-United States Joint
Commission on Commerce and Trade is held in Beijing, capital of China,
Dec. 11, 2007. (Xinhua Photo)
|
BEIJING, Dec. 11 (Xinhua) -- Chinese Vice Premier Wu
Yi praised U.S. domestic efforts in blocking protectionist legislation against
China during the opening ceremony of the 18th Sino-U.S. Joint Commission on
Commerce and Trade (JCCT) here on Tuesday.
She assured the American officials in attendance that
China's door would stay wide open to the outside world. Full story
Talks with U.S. to focus on energy
collaboration
BEIJING, Dec. 11 --
China has prepared a long list of energy cooperation priorities for the U.S.
delegation that will attend the third China-U.S. Strategic Economic Dialogue
scheduled for Wednesday and Thursday, a cabinet minister said yesterday.
Minister of National Development and Reform Commission
(NDRC) Ma Kai said China needs "comprehensive cooperation" with the U.S. in
every aspect of energy, including electricity, coal, petroleum and gas,
renewable energy and energy efficiency. Full story
Sino-U.S. Joint Commission on Commerce
and Trade to open Dec. 11
BEIJING, Dec. 10 (Xinhua) -- The 18th Sino-U.S. Joint Commission on Commerce and
Trade (JCCT) is to open here Tuesday, and high-level officials of the two
countries will discuss bilateral economic and trade issues and sign several
agreements and memoranda.
Chinese vice premier Wu Yi, the U.S. Secretary of Commerce
Carlos Gutierrez and U.S. Trade Representative Susan Schwab will preside over
the meeting, the Chinese Ministry of Commerce said. Full story
Minister: SED to enhance China-U.S.
strategic mutual trust
BEIJING,
Dec. 9 (Xinhua) -- The China-U.S. Strategic Economic Dialogue (SED) is of great
significance to enhance strategic mutual trust between the two governments, thus
ensuring constant progress of the constructive and cooperative relations between
China and the United States, said Finance Minister Xie Xuren.
In an interview with Xinhua prior to the third SED, Xie
said the dialogue will focus on long-term, strategic and macro economic issues
while at the same time paying due attention to the hot issues in current
bilateral economic and trade cooperation. Full story
China-U.S. Strategic Economic Dialogue
to convene in Beijing on Dec. 12-13
BEIJING, Nov. 29 (Xinhua) -- The third China-U.S.
Strategic Economic Dialogue will be held in Beijing on Dec. 12-13, Chinese
Foreign Ministry spokesman Liu Jianchao announced here Thursday.
Chinese Vice Premier Wu Yi and U.S. Treasury Secretary
Henry Paulson will co-chair the meeting as special representatives of state
leaders of the two countries. Full story
Official: U.S.-China economic
relations advanced by SED
WASHINGTON, Nov. 27 (Xinhua) -- The United States and China are advancing the
bilateral economic relationship by establishing new habits of bilateral
cooperation through the Strategic Economic Dialogue (SED), said a top U.S.
official on Tuesday.
"We have embraced a broad agenda that covers cross-cutting
economic and economically consequential issues" through the framework, said Alan
Holmer, special envoy for China in a speech delivered to the Center for
Strategic and International Studies. Full story
