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WASHINGTON, Sept. 20 (Xinhua) -- U.S. President Barack Obama said Monday that China's rapid economic development is in the interest of U.S. economy."It's good for us that China has done well," Obama said at a town-hall-style meeting telecast live on CNBC before heading to Pennsylvania to raise money for a Democratic Senate candidate.His address is in line with U.S. Secretary of Treasury Timothy Geithner's testimony to the Congress last Thursday."We have very significant economic interests in our relationship with China," Geithner said, "a strong and growing China benefits the United States, just as a strong and growing United States is good for China."In responding to a question about China's currency issue, Obama said that China's currency is lower than the market says that it should be, but trade is in the benefit for both sides."I just want to make sure trade is good for American businesses and American workers," Obama said."We are going to continue to insist that on this issue, and on all trade issues between us and China, that it is a two-way street, " he said.Facing November elections shaped by voter anger at the sour economy, U.S. lawmakers are weighing bills that would slap sanctions on Chinese goods, amid accusations that China keeps its currency -- and thereby its exports -- artificially cheap.The Obama administration acknowledged that China's imports supported the global economy and contributed substantially to recovery around the world.With over 1.3 billion people and an economy continuing to grow at or near double-digit rates, China is the U.S.' fastest-growing major overseas market.China's record of bringing hundreds of millions out of poverty, building a rapidly growing middle class, and now its efforts to encourage growth led by domestic demand, ultimately mean more demand for American goods and services.In order to pull the economy out of recession, Obama launched National Export Initiative (NEI) in March and set the goal of doubling the U.S. export in five years and creating two million jobs in the country.The Obama administration is clear that the vast Chinese market is a crucial part to fulfill the goal."Increasing opportunities for U.S. firms and workers through expanded trade and investment with China will be an important part of the success of the President's National Export Initiative and our efforts to support job growth more broadly."According to the Treasury Department, China is a critical market for a broad range of American products, from agriculture, to manufacturing, to services.China was the largest market for U.S. soybeans last year, importing over 9 billion dollars.In the manufacturing sector, the United States has already exported nearly 3.5 billion dollars in aircraft to China this year alone, and U.S. exports of automobiles and parts to China have grown over 200 percent.The issues in China and U.S. economic relations and trade should be properly solved through consultations on an equal footing. Exerting pressure cannot solve the issue. Rather, it may lead to the contrary, China's Foreign Ministry said recently.
BEIJING, Sept. 3 (Xinhua) -- More than 300 Chinese and Ukrainian officials, business executives and traders gathered at a trade forum Friday to seek bilateral business opportunities. "As China and Ukraine enjoy excellent prospects for economic and trade cooperation, both countries should make joint efforts to usher in a new era," Chinese Vice Premier Zhang Dejiang said at the opening of the forum.Ukrainian President Viktor Yanukovich, in Beijing on his first ever visit to China, addressed the forum, saying the new Ukrainian administration gives priority to developing ties with China. Chinese Vice Premier Zhang Dejiang (L) addresses the China-Ukraine economic and trade cooperation forum in Beijing, capital of China, Sept. 3, 2010.China-Ukraine trade topped 3.3 billion U.S. dollars in the first half of the year, up 31.3 percent year on year, according to the Chinese Ministry of Commerce.In their talks Thursday, Chinese President Hu Jintao and Yanukovich promised to increase two-way trade to 10 billion U.S. dollars by 2012.To expand bilateral business potential, Zhang proposed companies in the two countries play a bigger role while both governments increase exchange, explore ways to cooperate, take care of each other's concerns, and seek mutually beneficial outcomes.Yanukovich, the first Ukrainian President to visit China since 2002, echoed Zhang's proposal.He said his country would like to work more closely with China in trade, economics, agriculture, science, aviation, aerospace and investment.Zhang said the Chinese government welcomes Ukrainian businesses developing and marketing products tailored to the Chinese market.

BEIJING, Oct. 18 (Xinhua) -- U.S. probe into Chinese clean energy policies, dubbed Section 301, will harm the United States itself by revealing more of its own subsidies to new energy businesses, Zhang Guobao, head of the National Energy Bureau, said Sunday evening.The U.S. Trade Representative's office started the investigation on Oct. 15 in response to the United Steelworkers Union's complaint on Sept. 9 that China's support for its renewable energy industries gave Chinese producers unfair edges over competitors."Chinese subsidies to new energies companies are very small, but the United States had subsidized the new energy enterprises with 4.6 billion U.S. dollars in cash in the first nine months of 2010, including 3 billion U.S. dollars to wind power enterprises," Zhang said.Zhang rejected charges that China's wind power bid prefers Chinese enterprises and has discriminated against foreign companies."China has no discriminatory items on new energy equipment producers," Zhang said.Many foreign wind power equipment producers participated in bidding in China and some won biddings from 2003 to 2005, Zhang said.But chances for them to win have been dropping as they offer prices much higher than the Chinese companies, Zhang said."In contrast to China's open attitude, the United States issued a bill in 2009 to subsidize renewable energies, energy efficiency and smart power grid sectors. Among the subsidies, 25.2 billion U.S. dollars went to the renewable energy sectors," Zhang said.The subsidized U.S. solar power sectors are required to use domestically made equipment in the six-month rule starting Aug. 16 in 2010, Zhang said."How much on earth has China exported new energy products to the United States?" Zhang asked."We have only exported three wind turbines to the United States, or less than 10,000 kw (of generating capacity). The U.S. General Electric Company, however, exported 80,000 kw of wind turbines to China in 2005 and the figure increased to about 340,000 kw in 2009," Zhang said, adding that its total wind turbine exports to China topped 1.13 million kw in the past five years."China's wind power (equipment) market stood at 85 billion yuan in 2009, about 21 percent of which was imported from overseas," Zhang said, adding that it showed China's wind power provided large opportunities for foreign producers to send exports to China.China and the United States should carry out dialogues in new energy sectors, Zhang said.The United States had proposed to communicate through video meetings on Oct. 12 with China on new energy products, but it also had been postponing the dialogue before declaring the probe on Oct. 15."I was very much astonished at it, wondering what the United States wants. Do they want fair trade, a normal dialogue or transparent information? ...Judging from the procedures, I believe (politicians of) the United States are more willing to get votes," Zhang said.In a statement Saturday, China's Ministry of Commerce (MOC) expressed "regret" over the U.S. probe on Chinese clean energy products and said China would defend its interests in the World Trade Organization (WTO) rules."The union's complaint is groundless and irresponsible" as both parties should act in line with the WTO rules, said an official with MOC's Bureau of Fair Trade for Imports and Exports in its statement.The statement said the United States was subsidizing up to 2,300 energy-related programs, including clean-energy projects.
BEIJING, Aug. 31 (Xinhua) -- A senior Chinese official Tuesday urged state-run publishing houses to resist vulgarity.Li Changchun, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during a visit to the 17th Beijing International Book Fair.Li also urged Chinese publishers to expand their share of the international publishing market.Li said state-run publishing houses should reform their structures of ownership to increase their competitiveness and expand their international market share.The official also encouraged Chinese publishers to create more publications.Li Changchun (2nd L), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, visits the 17th Beijing International Book Fair in Beijing, capital of China, on Aug. 31, 2010.He also urged them to resist vulgar and kitsch works both in print and in electronic media.The book fair, co-sponsored by the General Administration of Press and Publication, the Information Office of the State Council and other government departments, has attracted nearly 2,000 publishing and distribution companies from more than 58 countries and regions.
BEIJING, Oct. 13 (Xinhua) -- Chinese Defense Minister Liang Guanglie returned to Beijing Wednesday afternoon after a four-day visit to Vietnam.During his stay in Hanoi, Liang attended the Association of Southeast Asian Nations (ASEAN) Defense Ministers' Meeting Plus, where he elaborated on China's defense policy and proposals on regional security cooperation.On the sidelines of the meeting, Liang met with defense chiefs from several countries.During the visit to Vietnam, Liang met with General Secretary of the Communist Party of Vietnam Central Committee Nong Duc Manh and Vietnamese Prime Minister Nguyen Tan Dung,respectively.Liang also held talks with Vietnamese Defense Minister Phung Quang Thanh.Liang's entourage also came back to Beijing.
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