"China is not pursuing a big trade surplus with the United States and it is
willing to increase US imports to balance trade development between the two
sides," Bo was quoted as saying over the weekend.
China's Commerce Minister Bo Xilai addresses
delegates at the Indo-China business forum on March 16. China-US trade
relations face a "serious setback" if the United States imposes high
tariffs on Chinese goods, Bo warned in remarks posted on his ministry's
website. [AFP] |
"If the United States rashly imposes high tariffs on Chinese imports,
China-US trade relations will face a serious setback."
Bo also called on the United States to lift some existing trade restrictions
on China.
"China hopes the US will quickly scrap restrictions on US exports of
high-technology products to China as this would bring more trade opportunities
for the US," he said.
The United States restricts companies from selling some hi-tech equipment to
China due to security concerns.
Diffrences emerged between US senators
The International Herald Tribune quoted Schumer as acknowledging differences
between himself and Graham after their trip to China.
Schumer said he believed China did want to move on the yuan.
"I'm convinced they do want to get there, which I wasn't a week ago," Schumer
told the newspaper, adding that Graham was more skeptical.
Asked whether differences had emerged between the two sponsors following the
visit, Schumer said: "That would be fair."
Schumer told reporters last week the senators had told Chinese officials they
would prefer not to enact the legislation but let the Chinese leadership come to
an agreement with the government.