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China Wants US To Set Timetable On Removal Of Curbs On Trade In High-Tech Products
News From : DagangHalal.com (5/25/2010)

BEIJING, May 24 (Bernama) -- China hopes that the US will set a timetable and road map on the removal of curbs on trade in high-technology products as well as the details of how it plans to treat Chinese firms investing in US.

Vice Premier, Wang Qishan, said China was glad that the US has promised to ease its export restrictions on high-tech products and open up the American market for Chinese investors.

"As economic exchanges between China and the US broaden and deepen, it is unavoidable that some frictions and disputes will arise," he said at the second round of the China-US Strategic and Economic Dialogue here Monday.

The dialogue will conclude Tuesday.

As the special representatives of Chinese President Hu Jintao, Wang and State Councillor, Dai Bingguo, co-chair the dialogue with US Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner, special representatives of US President Barack Obama.

About 50 representatives from 40-plus government departments from the two countries also participated in the talks.

He said China-US economic ties were a cornerstone of the bilateral relationship, adding that the high economic complementarity between the two sides made for win-win cooperation, not a zero-sum game.

"We hope the two sides could, in line with our consensus of anti-protectionism in tackling the financial crisis, bring forward concrete policies to stifle trade protectionism in all forms," he said.

He said the world economy was at a "critical juncture," but as long as the two countries communicated with candour, enhanced mutual trust and looked for common ground, China and the US would overcome any future difficulty.

Wang said the dialogue's core objective was to build a positive, cooperative and comprehensive China-US relationship for the 21st century.

"The dialogue will enable us to further our cooperation, solidify the positive momentum and promote the strong, sustainable and balanced growth of the global economy," he said.


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