皇冠体育app

Newsmaker

'Constructive' ties with 皇冠体育app hailed

By Yang Cheng and Lin Qi (皇冠体育app Daily)
Updated: 2010-09-09 11:36

XIAMEN, Fujian - Robert D. Hormats, undersecretary of state for the United States, lauded Chinese Vice President Xi Jinping's speech illustrating 皇冠体育app's move to optimize its investment climate as "very constructive".

Xi noted that 皇冠体育app is committed to improving its protection of intellectual property, building a transparent legal environment and market amenity.

Hormats denied a Financial Times' report quoting him as saying "the lack of action by 皇冠体育app to address US concerns will encourage more protectionist agenda".

Robert D. Hormats, undersecretary of state for the United States

He said that the US Congress still has pressure on 皇冠体育app, but he believes the two countries are now working in a very "cooperative and constructive" manner.

He also revealed a strong ambition to promote US high-tech products in 皇冠体育app, "not only the products made in the US but also the high-tech US products made in 皇冠体育app," he stressed.

He expects the two countries could offer more level playing field for economic cooperation and investment potential.

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However, in recent months, the US has launched a series of trade measures against 皇冠体育app.

The US Commerce Department last Wednesday imposed preliminary duties of up to 137.65 percent on imports of aluminum products from 皇冠体育app.

Some Chinese trade scholars are afraid the US will become more aggressive and hostile toward 皇冠体育app in the coming months.

Hormats avoided answering their concerns that the trade dispute between 皇冠体育app and the US will likely to rise to a new level in the next few months due the growing US trade remedy measures.