NewsMine — economy — united-states — 2003 — 2003-sept-oct — Viewing Item

China brings us export resictions into trade debate Original Source Link: (May no longer be active)    http://pacific.bizjournals.com/pacific/stories/2003/10/27/daily59.html http://pacific.bizjournals.com/pacific/stories/2003/10/27/daily59.html China brings U.S. export restrictions into trade debate Howard Dicus The chairman of the U.S.-China Business Council says China needs to do more to make trade with the United States a two-way street. And the president of the China Council for the Promotion of International Trade says China will. The debate over Chinese trade practices since it joined the World Trade Organization has until now focused on the artificially low value of Chinese currency, and Beijing's unwillingness to let the yuan float on world markets. But China is now beginning to bring up a fresh issue, U.S. restrictions on the export of some technology to China, as an obstacle to buying more U.S. goods. "Progress was quite good in year one of WTO compliance," said Chris Galvin, who is CEO of Motorola as well as chairman of the U.S.-China Business Council. "Year two is a little slower. There is still room for improvement." Wan Jifei, president of the China Council for the Promotion of International Trade, told a Wednesday news conference that a Chinese delegation to the United States will soon explore ways that China can import more U.S. goods. But the state-run newspaper People's Daily reported Thursday that Wan said one way to reduce the deficit is to buy more U.S. products and what China needs are electronic, aviation and chemical industrial products. "However, the U.S. government has restricted exports of these products. Wan urged the U.S. to change its policies," People's Daily said. © 2003 American City Business Journals Inc.

2 years in a row more in poverty Asian debt withdrawal threat to us deficit { September 7 2003 } Asian unpegging crucify us { October 3 2003 } Bush bid weaken dollar against asia { September 24 2003 } Bush cuts schools highways { September 10 2003 } Bush priorities under scrutiny Bush takes credit economic upturn { September 1 2003 } China brings us export resictions into trade debate Deficit not manageable { September 18 2003 } Deflation still worries federal reserve { September 17 2003 } Deflation will continue for years { September 10 2003 } Disappointed earnings bonds rally Dollar gains on euro { September 2 2003 } Dollar over valued { September 18 2003 } Dollar plunges 3 year low Dollar tumbles low against euro { October 8 2003 } Economy expands fastest since 1984 no jobs { October 31 2003 } Fed holds rates warns on deflation Firms dont buy rebound Firms still slashing jobs Foreign investors fear weak dollar { September 22 2003 } Gold hits 7 year high { September 25 2003 } Gold records as tumbling dollar { September 10 2003 } Government claims unemployment stabilizing { October 3 2003 } Grocery workers 3rd day strike san diego { October 14 2003 } Job loss like great depression Jobless claims lowest eight months { October 9 2003 } La transit strike may strand 500 thousand { October 14 2003 } Mass august layoffs { September 26 2003 } Monthly costs iraq approach vietnam Poor gained 1 3m in 2002 { September 3 2003 } States risk big losses bond funding pensions { October 12 2003 } Stocks at 14 month high { September 2 2003 } Stocks fall economy worries { September 30 2003 } Stocks lower after production data Stocks rebound hopes intact { October 1 2003 } Stocks rise on upbeat analyst reports { September 8 2003 } Stocks slip bonds rise Trade gap bring down dollar warns imf { September 19 2003 } Trade gap could bring down dollar { September 19 2003 } Uninsured increases 2 4 million last year { September 30 2003 } Us bonds face gloomier future as selling continues { September 7 2003 } Us closes last levis manufacturer { September 26 2003 } Us losing millions manufacturing jobs { September 4 2003 } Weak dollar raises stocks Files Listed: 45

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