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BEIJING, May 21 (Xinhua) -- The U.S. commerce chief Friday said the United States would complete its review of the exports control system this summer, without specifying the possibly relaxed controls against exports to China."With respect to our export control reform, we want to have that done by this summer," U.S. Commerce Secretary Gary Locke told reporters during his trade mission to China Friday.Locke is leading a delegation of business executives from American clean energy companies looking to China's fast growing green energy market, the size of which the United States has predicted will be 100 billion U.S. dollars by 2020."We have restrictions on items already readily available from companies around the rest of the world and our restrictions make no sense," Locke said.The United States' 1979 Export Administration Act limits the export sales of some commercial high-technology goods to China.The exports control system, operated by the U.S. Defense Department and the Commerce Department, is widely seen as a major cause for the trade imbalance between China and the United States.U.S. products accounted for 7.5 percent of China's high technology imports last year, down from 18.3 percent in 2001 partly due to the U.S. exports control system, according to China's Commerce Ministry."If the share in 2001 is used as a benchmark, U.S. companies lost at least 33 billion U.S. dollars worth of export opportunities in 2009," Commerce Minister Chen Deming said in March.In a meeting with Locke Thursday, Chinese Deputy Commerce Minister Ma Xiuhong said China-U.S. cooperation would be impaired unless the United States takes substantive measures to ease its restrictions on exports to China.Locke didn't specify which exports are likely to be available to China,citing U.S. national security as the major factor to be considered when reviewing the export control system.Locke stressed restrictions will be eased on some commonly available high-tech goods and strengthened on sensitive technologies with military uses."We need to intensify and increase our protection on some very super-sensitive technologies to make sure that they don't get in the hands of those who want to do America ... harm, especially terrorist organizations," he said."Some of it can be implemented almost immediately while some can be done in a matter of months once there is agreement within the administration on the review," Locke said in response to Xinhua's question on when the new export control system will be in operation.
HELSINKI, March 26 (Xinhua) -- Visiting Chinese Vice-President Xi Jinping on Friday held talks here with Finnish President Tarja Halonen on efforts to further cooperative relations.Xi conveyed greetings from Chinese President Hu Jintao to the Finnish president and said his visit aimed to boost bilateral ties to a new high on the basis of achievements made since diplomatic relations were established 60 years ago.Xi said Finland was one of the first Western countries that established diplomatic ties with the People's Republic of China, adding that the development of the relations was won by the hard work of several generations of leaders from both sides. Chinese Vice President Xi Jinping (R) holds talks with Finnish President Tarja Halonen in Helsinki, Finland, March 26, 2010He said bilateral ties have weathered various tests and enjoy stable development because the two sides stick to principles including equality, mutual benefit, mutual respect and non-interference in each other's internal affairs, and respect each other's core interests and major concerns.
TASHKENT, April 24 (Xinhua) -- Uzbek President Islam Karimov and visiting Chinese State Councilor Meng Jianzhu both have pledged to deepen the mutually beneficial cooperation between their countries. Uzbekistan wishes to further deepen its mutuallu beneficial cooperation with China on politics, economy, trade and security, which will benefit the two countries and the two peoples, Karimov said Friday during a meeting with Meng.China-Uzbekistan relations developed smoothly in 2009, said Meng, who also attended the fifth session of the Shanghai Cooperation Organization (SCO) Security Council Secretaries in Tashkent.Leaders of the two countries have kept close contacts, which is a strong driving force for the development of bilateral ties, Meng said.The two countries have expanded their pragmatic cooperation in various fields and conducted effective cooperation on international and regional issues, he said.China values its traditional friendship with Uzbekistan and wishes to promote the friendly and cooperative partnership between the two countries. The partnership complies with the fundamental interests of the two countries and it is conducive to maintaining regional peace and stability, Meng said.During his visit, Meng also held talks with Uzbek Interior Minister Bahodir Matlubov and Chief of Security Rustam Inayatov.The two sides held an extensive and in-depth exchange of views on exchanges of law enforcement agencies and the promotion of law enforcement cooperation between the two countries.
BEIJING, March 30 (Xinhua) -- Chinese auto maker Zhejiang Geely Holding Group is ready to inject 900 million U.S. dollars operating capital into Volvo on top of the 1.8 billion U.S. dollars purchase price, Geely chairman Li Shufu said Tuesday."We should not only inject money into Volvo, but also endeavor to improve Volvo's profit-making capability," Li said at a press conference to discuss the Volvo takeover.The Zhejiang-based Geely signed a deal with Ford Motor Co. Sunday in Sweden to acquire the U.S. auto giant's Volvo car unit.The photo taken on March 23, 2010 shows Volvo assembly plant in the suburbs of western Belgian city of Gent. China's Zhejiang Geely Holding Group signed a deal worth 1.8 billion U.S. dollars with Ford Motor Co. in Goteborg of Sweden on March 28, 2010 to acquire the U.S. auto giant's Volvo car unit"Geely is Geely, while Volvo is Volvo. Geely will not produce Volvo, and Volvo will not produce Geely," said Li, also the founder of the firm, adding that Volvo would keep its unique characteristics after the takeover.Li said Volvo's biggest problem was its small production scale and high research and development expenses, adding Volvo should try to increase production and sales to cut costs.
TAIPEI, April 26 (Xinhua) -- Luo Qingquan, Communist Party of China (CPC) chief in central China's Hubei Province, left Taiwan Monday with a one-thousand-strong delegation after an eight-day visit to the island, expressing confidence in the peaceful development of cross-Strait relations."The visit was very smooth and fruitful... I'm expecting Hubei and Taiwan to carry out more exchanges and boost cooperation," Luo said as he departed the island.Luo's delegation arrived here on April 19 for a Hubei-Taiwan cultural festival filled with exhibitions, forums and performances featuring Hubei culture.Luo said the two regions reached a consensus on exchange and cooperation in economic, scientific, technological and cultural fields.He noted Taiwan's advanced farm-products processing technology could be well applied in Hubei, a province rich in agriculture.During the trip, the delegation also visited medium- and small-sized companies, farm and schools in Taipei, Taichung, Yunlin and Hsinchu.The Hubei-Taiwan festival has been held in Hubei's capital Wuhan six times since 2004. It was the first time the event was held on the island.The Chinese mainland and Taiwan have been recently intensifying their exchanges, especially high-level visits to the island by mainland delegations, which is seen as a sign of increasingly solid relations.Earlier this month, a municipal government delegation of about 260 people headed by Shanghai mayor Han Zheng visited the island to promote the upcoming Shanghai World Expo.During the trip, several Shanghai companies and Taiwanese counterparts signed 28 agreements on long-term exchanges and short-term purchases, along with agreements on investments in finance, chemical materials, steel, tourism, intellectual property rights and farm products, among others.