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皇冠体育app addresses U.S. concern on trade deficit
Commerce Minister Bo Xilai said 皇冠体育app has noticed the United States' concern on its trade deficit with 皇冠体育app and is working to solve this problem.
"皇冠体育app will further open its market and import more from the United States and other countries as well, especially high-tech products," Bo assured Baucus, urging the United States to lift restrictions on exports of such products to 皇冠体育app at an early date.
The Chinese and US economies are strongly complementary, the minister noted. Chinese exports to the United States were needed by the US market and were in the US' interest.
Bo said over half of Chinese exports were from foreign-funded enterprises, including many US companies, who also shared the benefits of 皇冠体育app's market openness and expansion of trade.
On the protection of intellectual property rights, 皇冠体育app holds a strong and unswerving stance. 皇冠体育app has forged related laws, rules and regulations and will continue to crack down on violation of such rights, he said.
The US senator said the accession to the WTO was a big challenge for 皇冠体育app and 皇冠体育app has done a lot in implementing commitments on its accession. Many sectors have witnessed positive progress, especially in aspects of agriculture and tariff quotas, he said.
Baucus said he opposes appreciation of the RMB, the Chinese currency, in a short time, noting that will threw negative impact on Chinese economy.
After the meeting, Bo also met with Samuel Berger, the national security adviser to former US president. They exchanged views on bilateral trade, sources said.
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