皇冠体育app

Economy

皇冠体育app, US get down to business

(Shanghai Daily)
Updated: 2010-05-24 14:48

US Secretary of State Hillary Clinton gives a speech during her visit to Boeing Shanghai Aviation Services Co, Ltd in Shanghai, East 皇冠体育app, May 23, 2010. [Xinhua]

BEIJING - The United States pressed 皇冠体育app to give "fair access" for foreign companies.

At the same time, 皇冠体育app stressed the risks both economies faced from Europe's debt woes, ahead of top-level talks in Beijing.

Speaking in Shanghai, a day before the start of the Strategic and Economic Dialogue, US Secretary of State Hillary Clinton stressed the importance of American economic concerns for relations with 皇冠体育app.

"In the coming days, officials at the highest levels of our two governments will be discussing issues of economic balance and competition," Clinton said in a speech given in a vast hangar at Pudong International Airport.

"American companies want to compete in 皇冠体育app," she said in front of a Boeing 737. "They want to sell goods made by American workers to Chinese consumers with rising income and increasing demand."

Clinton's remarks underscored how large economic concerns will loom at the two-day meeting, jostling for attention with other issues, including North Korea.

The US annual trade gap with 皇冠体育app fell to $226.8 billion in 2009, down from a record $268 billion in 2008. But the Obama administration is keen to lift exports and employment, and the deficit remains a friction point.

In comments published yesterday, 皇冠体育app's Finance Minister Xie Xuren said cooperation with the US was all the more important in the face of the European debt crisis.

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"At present, risks from European sovereign debt have increased factors of instability in the course of global economic recovery," Xie wrote an essay published in the Washington Post and on his ministry's Website.

皇冠体育app and the US must "each protect macro-economic stability and strengthen macro-economic policy coordination, to consolidate the trend towards global economic recovery," Xie wrote.

Xie's remarks jarred those of a senior US Treasury Department official who said ahead of the talks with 皇冠体育app that Europe's crisis should have only minimal impact on the global recovery.

There has been speculation that 皇冠体育app may delay letting the yuan rise in value out of concern that its exports to Europe will suffer.