Friday, April 15, 2011

Dialogue-US Commerce Secretary Locke: Sino-US trade differences and not more

Sino-US strategic and economic dialogue on the occasion of the closing, NetEase finance in the United States Department of Commerce in Beijing dialogue ministerial Locke (GaryLocke), in this dialogue, Locke on NetEase finance answers and illustrates the Sino-American economic between a series of problems.

Last year, the Sino-US trade friction upgrade, the Obama administration passed on China's tire, seamless steel and gift boxes, export levy high anti-dumping duties, which China has two economic areas of concern.

Locke on NetEase finance said that the United States Government's primary purpose is not initiated on a Chinese company or illegal subsidies of anti-dumping duty, whose role is to award the industry complaint to determine whether there has been a breach of trade rules. If the experts determine the violation of the United States, the United States Government will be in accordance with the norms of rules to enforce remedies.

Locke also stressed that the "State-to-State differences is not a novel. United States has now produced with their trading partners. This is to be expected. However, like any mature relationship, we have mechanisms to address these issues. ”

For those mechanisms that Locke pointed out that including S & ED, Sino-US Joint Commission on Commerce and trade (JCCT), the Group of 20 (G20), and within the framework of the WTO.

Locke in January 2009 as Minister of Commerce of the United States the Obama administration, he is he is United States history, the first Chinese Minister of Commerce. Previously, he founded in 1997-2005-Washington State Governor, is the United States history, the first Chinese-American Governor.

The following is true: dialogue

NetEase finance: How do you see the first round of the 2010 held in Beijing, China-us strategic and economic dialogue (S & ED)? what determines this meeting and previous different or more important?

Locke: S & ED makes us and China's top decision makers through frank and constructive exchanges to address u.s.-China bilateral relations in the most critical issues. This is why the United States President Barack Obama mission 16 United States Government Agency leaders and Wang Deputy Prime Minister, Member of China senior Dai bingguo to discuss.

We have a range of issues, but we understand the impact on our key issues of bilateral relations are not to be in a meeting. We will continue this work and to use all available tools, including S & ED, Sino-US Joint Commission on Commerce and trade (JCCT), the Group of 20 (G20), or, where necessary, take the WTO compatible trade remedies.

NetEase finance: you said you want to balance the United States and China trade deficit should be taken to strengthen United States exports to China, but not limited to the United States imports from China. From this perspective, how should the Chinese public to understand the Obama administration through initiatives such as tire special protection policies to improve China's merchandise exports of tariff initiatives?

Locke: China public should understand that the world's most open economic power in the United States are required to the United States company to create a level playing field and creating a level playing field means, ensuring that everyone has to act in accordance with the rules. If we achieve this goal, China and trade between the United States will become more balanced.

It is worth noting that the United States Government's primary purpose is not initiated on a Chinese company or illegal subsidies of anti-dumping duty. Its role is to award the industry complaint to determine whether there has been a breach of trade rules. If our experts identify irregularities, the United States Government has the duty according to accepted rules to enforce remedies. In Tyre, the Obama administration pushed China's WTO commitments during the due diligence obligations.

We are open to the Chinese market to help China into an economic powerhouse. United States ' return is requested, the Chinese enterprises to comply with the rules.

NetEase finance: last spring in Washington's 100 anniversary dinner, you made a keynote speech and said "Sino-US relationship is the most important bilateral relations". Today, you have to weigh the Sino-American relations are so important, even if the two countries last year appears in many other issues, such as differences in Copenhagen UN Climate Conference?

Locke: Sino-u.s. relations remains the world's most important bilateral relationship. Although we have differences, these differences did not determine our overall relationship. To trade, for example, disputes concerning all kinds of products have a lot of attention, but the fact is that a dispute is not meant to Chinese exports to the United States for 3%.

State-to-State differences is not a novel. United States has now produced with their trading partners. This is to be expected. However, like any mature relationship, we have mechanisms to address these issues.

Conflicts often caused in the news, but the US-China relations have been in a very short time exceeded a great distance. We should not be concentrated in our differences, and overlook our many cooperation agreement, and this cooperation brings to us two peoples ' interests.

As United States President Barack Obama during his visit to China last November, said: "our future relationship does the absence of differences and difficulties. But thanks to our cooperation, the United States and China have become more prosperity and security. When we in the equality and mutual respect established on the basis of our common interests, we see what is possible. ”

NetEase finance: how would you rate the current Chinese economy, especially for a lively discussion of China's real estate bubble?

Locke: speculation about the real estate bubble, refer to United States Treasury Secretary Geithner's comments. Generally the Chinese economy, there is no doubt that it is powerful. This means we need to be rebuilt between the two countries. United States less consumption more storage, the opposite of the situation in China. If this occurs, the Chinese economy will not be treated as dependent on exports, which will make it more powerful and more stable. This also will give consumers access to more United States companies and high-quality products and services, and weaken our two countries trade balance.

NetEase finance: How do you see your Chinese ancestry? you how to

Balancing Dual expectation: on the one hand, because the race will be United States persons suspected you too close to China; on the other hand, the Chinese people may think that you and we are close enough.

Locke: I do not believe that there are two kinds of expectations. United States President and people expect me to my national excellent work. I mean, I'll do my best to help the United States company in the country for more innovation, more competitive. This is why the President appointed me. I was the only hope of traits, which in the United States produces heritage and qualities that will in the broadest sense help Obama Government decision-making. I mean, with different backgrounds and perspectives of people together to create a wealth of experience, and this experience will facilitate the discussion and to expand the scope of the debate, when we as a country facing the toughest problems.

For know I background of Chinese, I hope they know that I have learned first-hand knowledge of China is how fast and how far-reaching and make progress. This might give me as a United States Government officials spoke to add some weight. My character has given me a better platform and audience, to discuss our concerns.

I was proud of Chinese descent, but I was an out-and-out United States. I hope that I was selected as the first Asian American United States Governors and Obama people on my appointments, give a signal to the Chinese people. Is in the United States a variety of backgrounds in life are likely to come to me. (Wu Nan)

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