Posted on 01/10/2005 12:31:07 PM PST by Willie Green
For education and discussion only. Not for commercial use.
HONG KONG, Jan. 10 (Xinhuanet) -- Under Secretary of the US Commerce Department Grant Aldonas said here Thursday that the economic and trade relations between the United States and China have never been better and that China is now a very open market.
"China's exports to the United States and the United States exports to China have grown very significantly," the under secretary in charge of international trade said, adding that China and the United States are important trading partners to each other.
He said as China and the United States are two important economic forces in the world, the economic development of China has been the major driving force to the world economy.
He said a good US-China economic and trade relationship is not only in the interest of American and Chinese, but has a broader impact. In this aspect, it is the responsibility of the two countries to better manage the relationship and solve conflicts.
He noted that the Chinese market is quite open now, especially after China's entry into the WTO. "I often remind my friends in the United States that how open the Chinese market is," he said.
He said the United States welcomes the measures that the Chinese government takes to fulfill its WTO commitment, such as judiciary explanation of the intellectual property law, and elimination of some trade barriers.
He said that an open Chinese market benefits the developed countries, and developing countries as well.
ping
The Chinese ought to start spending some of the dollars they are getting from us.
Bush should yank MFN and, like Reagan, run them till the wheels fall off.
Our myopic politicians and businessmen are getting very chummy with a communist government whose military and political party still sees America as an enemy.
Just because western businessmen and politicians think the world revolves around the corporate bottom line doesn't mean the Chinese think the same way.
I guarantee you they are NOT!
on what ?......have we started manufacturing anything ?
While it is open to debate whether China has a more open economy, it may will be irrelevant. The United States has largely squandered its manufacturing base. How are we to export goods to China if we do not produce any goods?
I'm sure Ji Shan who was convicted of having a second live birth and was sentenced to six years of hard labor for the state legcuffed to a laser fabric cutting machine is delighted to hear this.
So, if we don't produce any goods, aren't the Chinese idiots for accepting our dollars?
First they build their manufacturing base. Then, after we've disposed of our manufacturing infrastructure, they have an easy, effective way to control us. Or, to defeat us.
That's the difference between long term thinking (the Chinese), versus those deluded fools who lust for cheap, shoddy goods while simpering about lower prices to consumers.
You didn't answer the question. Aren't they idiots for accepting our dollars if we make nothing they would buy?
On the contrary, I did. It appears my expectations for your understanding were too high. I will, therefore, be careful to spell out my answer.
The Chinese are aiming for a long-term strategy. The decline in the dollar does injure them. However, they are willing to accept this loss to gain a long-term advantage.
Please note that this leads to my earlier answer: First they build their manufacturing base. Then, after we've disposed of our manufacturing infrastructure, they have an easy, effective way to control us. Or, to defeat us.
Further, they can use their collected dollar assets to buy resources; for example, the Wall Street Journal reports that China National Offshore Oil is considering a takeover of Unocal Corp., the ninth-largest oil company in the U.S.
No, the Chinese are not idiots. The free traitors, on the other hand, are.
So, we need more government regulation to prevent trading, correct?
So you were wrong, we do make stuff they will buy, oil companies.
Who is "we?" What country do you live in?
Boy, the fact that our manufacturing base has been healthy for 19 straight months (or more) must really steam you.
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