Special Report: Global Financial Crisis
Special
Report: 30th
Anniversary of Sino-U.S. Diplomatic Relations
WASHINGTON, April 27 (Xinhua) -- Top Chinese and U.S.
trade officials pledged Monday to strengthen bilateral trade cooperation amidst
the ongoing global financial crisis.
"We welcome American companies that want to increase
their investment in China," visiting Chinese Commerce Minister Chen Deming said
when meeting his U.S. counterpart Gary Locke. "Meanwhile, we also encourage
capable Chinese companies to invest in the U.S."
"We hope that the U.S. government will welcome
Chinese investments and create an open and transparent investment environment,"
Chen added.
Locke said that he agreed with Chen and the U.S.
government paid much attention to strengthening relations with China.
Both ministers underscored the importance of
achieving concrete results at the next meeting of the Joint Commission on
Commerce and Trade and discussed other issues, such as increasing U.S. exports
to China and the need to avoid protectionism.
Chen also exchanged views with U.S. Trade
Representative Ron Kirk on a range of bilateral and multilateral trade issues at
a meeting held Monday afternoon.
"Particularly during the current difficult global
economic circumstances, both the United States and China have a tremendous stake
in maintaining a vibrant, open international trading system to revive and
sustain growth," said Kirk in a statement after the meeting.
"With the size and importance of our bilateral trade
flows, we also have a shared interest in ensuring that our bilateral trade
relationship is fair, sustainable and mutually beneficial," he added.
During his visit, Chen also warned against the rising
protectionism in the United States.
"History tells us that the more serious a crisis
becomes, the more committed we must be to openness and cooperation," Chen wrote
in an article published on the Wall Street Journal on Monday. "Regrettably,
however, trade measures by the U.S. against China are on the rise."
Recently, American industries have petitioned the
U.S. government for anti-dumping investigations and for investigations under the
World Trade Organization's "special safeguard provision," which could restrict
imports of Chinese products, he said.
"This will seriously test China-U.S. economic and
trade relations," he warned.
China, U.S. firms sign over $10 bln
deal
WASHINGTON, April 27 (Xinhua) -- Chinese and U.S.
firms signed 32 trade and investment contracts on Monday worth some 10.6 billion
U.S. dollars, which the U.S. Chamber of Commerce said will support U.S. economic
growth and job creation.
"With businesses in both countries struggling, these
deals come at a critical time and will help create jobs and stronger commercial
bonds between the United States and China," said Myron Brilliant, the chamber's
senior vice president of international affairs, who presided over the signing
ceremony. Full story
Chinese commerce minister calls for
stronger Sino-U.S. trade ties
WASHINGTON, April 27 (Xinhua) -- Chinese
Commerce Minister Chen Deming has called for stronger economic ties between
China and the United States.
"Economic links have always been an important basis
for the China-U.S. relationship, and the growth in trade between the two
countries has been robust since the establishment of normal diplomatic
relations," Chen wrote in an article published in The Wall Street Journal on
Monday. Full story
U.S. business community calls for lift
of export control to China
BEIJING, April 27 (Xinhua) -- The U.S. business community
in China called for the U.S. government to carry out a review and revision of
"antiquated export control regulations" here on Monday.
"U.S. export control policies do not adequately
incorporate the realities of this global environment," said the 2009 White Paper
on the State of American Business released by the American Chamber of Commerce
in China (AmCham-China) the same day. Full story
Chinese trade team heads to U.S. for
new deals
BEIJING, April 23 -- A Chinese trade delegation is leaving
Thursday for the United States to explore trade and investment opportunities,
close on the heels of a similar mission to Europe in February, according to
sources.
The team will visit San Francisco, Washington and Chicago
from today to May 1st, according to an initial schedule of the mission seen by
China Daily. Full story
Geithner: U.S. needs the rest of the
world economy to recover
WASHINGTON, April 22 (Xinhua) -- U.S. Treasury Secretary
Timothy Geithner said on Tuesday that the prosperity of the American economy
needs the rest of the world to recover.
"The rest of the world needs the U.S. economy and
financial system to recover in order for it to revive," said Geithner in remarks
to the Economic Club of Washington. "We remain at the center of global economic
activity with financial and trade ties to every region of the globe." Full story
WB chief calls for close relations
between U.S., China
WASHINGTON, April 21 (Xinhua) -- World Bank President
Robert Zoellick said on Tuesday that the United States and China should work
closely to cope with the current crisis.
"We try to point it out that in addition to getting out of
this economic downturn, its important for the United States and China to work
cooperatively on mutual structural reforms," Zoellick responded to a question
raised by Xinhua. Full story
