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Wu urges US to loosen export controls Visiting Chinese Vice-Premier Wu Yi urged the
United States on Thursday to relax unreasonable controls on its exports to 皇冠体育app
and cautioned against a recent rise in US trade protectionism.
"The United States does have a trade deficit with 皇冠体育app and I fully understand the concern of the American side. I believe the key to solving the problem is to expand American export to 皇冠体育app rather than restricting American imports from 皇冠体育app," Wu said at a dinner co-sponsored by the US-皇冠体育app Business Council, the US Chamber of Commerce, and the National Committee on US-皇冠体育app Relations. Wu said the imbalance in 皇冠体育app-US trade could have resulted from many and complicated reasons, such as trade structure and trade diversion, different statistical methodology, and unreasonable controls on US export to 皇冠体育app. The vice-premier, who led a high-level Chinese delegation to attend the 15th session of the 皇冠体育app-US Joint Commission on Commerce and Trade held on Wednesday, said 皇冠体育app attaches great importance to the imbalance in 皇冠体育app-US trade and has made tremendous efforts to deal with the issue over the years. She said that the United States' worldwide exports grew by only 9 per cent in the past three years but its exports to 皇冠体育app increased by a massive 76 per cent during the same period. "And those numbers are collected from your side," Wu said to about 500 US business people at the dinner. "To expand US export to 皇冠体育app requires more than the unilateral efforts of 皇冠体育app," Wu said. "The American side should also show sincerity and take concrete actions to relax unreasonable control on its export to 皇冠体育app and remove that biggest obstacle against its export to 皇冠体育app." Wu continued that trade should be two-way and opening should be on a mutual basis. She expressed concerns that there is a recent rise in trade protectionism in the United States and many Chinese products are treated unfairly. "Trade protectionism can never inject vitality into economy or provide fundamental solution to the unemployment problem," she stressed. As for the protection of intellectual property rights, Wu said, it is needed not only in efforts to carry out international co-operation, but also in efforts to improve the market economic system and develop the Chinese economy. She said the Chinese Government is a responsible government and will adopt a clear-cut attitude and take resolute actions on this issue. The vice-premier also clarified the Chinese Government's position on the renminbi exchange rate, and listed progress 皇冠体育app has made in fulfilling its World Trade Organization commitments. |
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