Don't politicize trade issues, US urged
Updated: 2006-04-21 05:48
SEATTLE: President Hu Jintao has urged the United States not to politicize
trade disputes, emphasizing that China's fast growth provides tremendous
"China's development will present enormous business opportunities to the
United States and other countries," he told a Wednesday luncheon in Seattle
attended by about 600 business leaders and government officials.
He said opportunities are in nuclear energy, natural gas and energy
conservation. "China has a huge market and a strong demand for America's
advanced technologies and management expertise."
Hu noted that China's annual economic growth averaged 9.6 per cent during the
last 27 years and the country has drawn in foreign direct investment of US$620
On trade frictions between China and the United States, he said: "We should
properly address these problems through consultation and dialogue on an equal
Differences should not be politicized, he stressed.
The president also asked the United States to ease export controls on
high-tech goods and eliminate protectionist measures.
Hu's visit comes amid simmering trade disputes between the two countries,
ranging from China's trade surplus and its currency exchange regime to US
companies' access to the Chinese market.
Hu argued that the China trade has saved American consumers billions of
dollars and created millions of jobs and brought "great benefits" to both sides.
He reiterated that China does not seek a big trade surplus with the United
States and is working hard to reduce the figure.
But he added that the surplus was a natural outcome of changes in US industry
and of globalization.
"At least 90 per cent of US imports from China are goods
that are no longer produced in the United States," Hu said. "If not from China,
the United States will still have to import these products from other