China, U.S. need cooperation to solve trade imbalance

0 CommentsPrint E-mail Xinhua, January 20, 2011
Adjust font size:

China is willing to work with the United States on the imbalance of bilateral trade through communication and cooperation, Chinese Commerce Minister Chen Deming said Wednesday.

Trade imbalance is indeed "an important issue that the two sides need to have a correct perception of," Chen told reporters during Chinese President Hu Jintao's ongoing state visit to the United States.

Responding to a question that linked the trade imbalance with China's currency RMB, Chen said the two issues are irrelevant.

"I have read a lot of comments by many U.S. think tanks and members of U.S. Congress. They believed there should be a major RMB appreciation because of the trade imbalance between the two nations," he said.

"According to Western economics theories, currency will have an impact on the overall export of a nation. But if it is just about trade surplus or deficit between two countries, then it is not a matter of currency. Rather, it is something about trade barriers, trade liberalization and trade facilitation, which both countries need to sit down and talk about," he said.

China's trade surplus totaled 183.1 billion U.S. dollars in 2010, of which 181.3 billion dollars was gained from the United States, meaning the Sino-U.S. trade imbalance has nothing to do with the currency, as China barely had a surplus with other trading partners, Chen said.

He listed three major reasons for the huge surplus.

First, part of that surplus comes from the trade surplus originally held by other countries and regions against the United States. This is a result of the globalization process.

Second, the United States still holds trade discrimination against China.

"The United States bans military items export to China and also subjects military-civilian dual-use items to very rigorous restrictions," Chen said.

Currently China is the third largest export market for the United States, and China's imports from the country is expected to further grow as it continues to implement an import stimulus policy this year. However, China is excluded from the Obama administration's list of countries and regions to which U.S. export control will be eased, he said.

"This is apparently not in the interests of American companies and workers," Chen said. "We hope the United States could change such policy and readdress the trade imbalance between the two countries."

Third, there were some misalignments in trade statistics that both sides are currently working together to reconcile.

"We believe we should discuss the trade issues in an atmosphere of mutual trust and equality. Only in this way can we find a better solution to the issue," he said.

The minister, currently accompanying Chinese President Hu Jintao on a four-day state visit to the United States, said multi-billion deals between the two countries will be signed during Hu's visit, including Chinese purchases of U.S. products worth a total of 24.9 billion dollars, which testifies to the importance of Sino-U.S. trade relations.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 黄页网站在线免费观看| yy111111影院理论大片| 欧美亚洲人成网站在线观看| 免费一级毛片在线播放视频| 羽田真理n1170在线播放| 国产国产在线播放你懂的| 被吃奶跟添下面视频| 在丈夫面前被侵犯中文字幕| 免费a级毛片无码a∨性按摩| 色噜噜视频影院| 国产在线观看精品香蕉v区| 一个人看的毛片| 国产高清在线观看| bbw在线观看| 婷婷六月久久综合丁香可观看| 中文字幕一精品亚洲无线一区| 日本一品道门免费高清视频| 久久精品国产日本波多野结衣 | 国产精品美女久久久网av| chinese激烈高潮HD| 好大好猛好深好爽视频| 三男挺进一女爽爽爽视频| 手机免费在线**| 久久91精品国产91久久小草| 日本漫画之无翼彩漫大全| 久久精品国产亚洲一区二区| 最近2019中文字幕大全第二页| 亚洲人成无码网站久久99热国产| 欧美日韩一二三| 亚洲欧美日韩高清在线电影| 烈血黄昏中视频| 人妻仑乱A级毛片免费看| 男女激烈试看120秒动态图| 免费看黄色三级毛片| 第一福利视频导航| 公粗一晚六次挺进我密道视频 | 中文字幕免费观看全部电影| 日本xxxx裸体bbbb| 久久久久无码国产精品不卡| 日本不卡在线观看免费v| 久久久久久人妻无码|