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CHICAGO, March 17 (Xinhua) -- A stronger RMB would not be a tonic for the U.S. economy or manufacturing and it would be a huge mistake to raise tariffs on imports from China to force a change in the yuan, says a U.S. trade expert on Tuesday.Daniel Griswold is director of the Center for Trade Policy Studies at the Cato Institute, a non-profit public policy research foundation headquartered in Washington, D.C. He is also the author of a new book, Mad about Trade: Why Main Street America Should Embrace Globalization.The trade expert told Xinhua during an exclusive interview, " China has been moving in the right direction since 2005 by allowing the currency to appreciate. Threats from the U.S. government actually make it more difficult for the Chinese government to resume appreciation because it would look as though Beijing was giving in to foreign pressure."Griswold pointed out that a stronger yuan would not be a tonic for the U.S. economy or manufacturing. "China would remain competitive in a broad range of manufactured products even if the yuan were 25 percent higher. The dollar depreciated sharply against the currencies of Canada and the Eruozone after 2002, yet our bilateral deficit with both those regions continued to grow," he added.New York Times' Nobel laureate economist, Paul Krugman, recommended in his latest column that the U.S. impose a 25 percent tariff on Chinese imports unless China appreciates its currency Renminbi. Griswold considers it a huge mistake to raise tariffs on imports from China to force a change in the yuan.Regarding President Barack Obama's new export push to double the U.S. export in the next five years, Griswold believes this goal will raise false expectations.He noted: "The goal will be difficult to realize. It hasn't been done since the 1970s, and that was driven in large part by inflation. It also depends on robust growth abroad, which is beyond the control of even this president. Faster export growth would be good for the U.S. economy, but it will not put much of a dent in high unemployment."When asked what the U.S. government should do to increase its export, the trade expert advised, "the single best policy to promote exports would be for the U.S. government to set a good example by resisting protectionism in our own market."He further explained, "U.S. companies are currently facing sanctions from Mexico, Brazil and other countries because we have failed to live up to our commitments in the WTO and the North American Free Trade Agreement. We are losing export opportunities abroad because Congress has failed to enact trade agreements with South Korea and Colombia, and the administration has failed to exercise leadership in WTO negotiations."In January the U.S. government data showed that the gap between what Americans sell abroad and what they import narrowed unexpectedly. While the usual crowd hailed it as an "improvement," Griswold believes that the numbers point to the slow growth of demand at home and abroad.He said: "We shouldn't read too much into the monthly trade numbers. The smaller-than-expected trade deficit in January could be a warning sign that the economic recovery remains sluggish. Exports were down, and imports down even further."When commenting on the U.S.-China trade relations, Griswold said, "U.S.-China relations remain fundamentally sound. Our commercial relationship is mutually beneficial and among the most important in the world."He further remarked, "American families benefit from affordable consumer products from China, while U.S. companies benefit from exports to China. And all Americans benefit from lower interest rates from Chinese investment in U.S. Treasury bonds." He noted that "the confrontational attitude of the Obama administration is driven almost entirely by domestic politics."Griswold's new book, Mad about Trade: Why Main Street America Should Embrace Globalization, is a spirited defense of free trade which tells the underreported story of how a more global U.S. economy has created better jobs and higher living standards for American workers.Since joining Cato in 1997, Mr. Griswold has authored major studies on globalization, trade, and immigration. He's written articles for major newspapers, appeared on CNBC, C-SPAN, CNN, PBS, and Fox News, and testified before House and Senate committees.
BEIJING, Feb. 4 (Xinhua) -- Chinese Premier Wen Jiabao on Thursday urged to boost development of social undertakings and improvement of people's livelihoods while pushing forward the transformation of economic growth mode.Speaking to a seminar for provincial and ministerial level officials presided over by Vice Premier Li Keqiang and attended by Vice President Xi Jinping, Wen said development of science, education and culture was key to the transformation of China's economic growth mode and its sustainable development.He urged that plans should be made to forge a number of emerging strategic industries as the mainstay of China's economy as soon as possible, and that traditional industries should be upgraded with the latest technologies to enhance their efficiency and competitiveness. Chinese Premier Wen Jiabao (C) speaks as Chinese Vice President Xi Jinping(R) and Vice Premier Li Keqiang (L) listen in a seminar on the implementation of the Scientific Outlook on Development and the transformation of the mode of economic development in Beijing, capital of China, Feb. 4, 2010. The seminar, attended by the country's provincial and ministerial chiefs, opened on Wednesday at the Party School of the Communist Party of China(CPC) Central Committee in BeijingHe also called for stepped-up efforts in technological self-innovation, the creation and protection of intellectual properties.Reforms in China's education system must also be carried forward so as to promote quality education and to give the schools more say in their operation, the Premier said.Authorities must ensure free access to the nine-year compulsory education for all children, and to bridge the gap of imbalanced educational resources between urban and rural areas and between different regions and schools, Wen said.Vocational education should also be improved, he added.Noting that culture was an important factor in boosting the country's development and the revitalization of the nation, Wen said policies to support the development of cultural industries and innovations should be perfected.In addition, he stressed that boosting employment should be given top priority in China's social and economic development.Authorities should increase employment by maintaining stable and relatively fast economic growth, fueling the development of the service industry, labor and knowledge-intensive industries, and supporting the development of small and medium-sized enterprises and the non-public sectors, he said.They should also provide more training for people having difficulties in finding jobs, Wen said.The Premier also said the country's income distribution system should be perfected so that all 1.3 billion Chinese could enjoy the fruit of the country's reform and opening up drive.Authorities should make special efforts to raise the payment for people with modest or low incomes in both urban and rural areas in the country, especially farmers and migrant workers, he said, adding that tax tools should be better employed to adjust the income distribution.He also urged that the country's social security system should be perfected.A nationwide social security network should be set up, and medical reforms should be deepened in the country to provide the public with easy and equal access to medical services.The public should be fully motivated to contribute to the development of social undertakings, in order to improve the quality and efficiency of public services, Wen said.

TAIPEI, Feb. 19 (Xinhua) -- General Secretary of the Communist Party of China Central Committee Hu Jintao's talk to Taiwan business people during his Spring Festival visit in Fujian Province delivered goodwill to Taiwan, media and scholars on the island said.Leading newspapers in Taiwan including the China Times and the United Daily News followed the developments of Hu's four-day inspection tour in Fujian, which faces Taiwan.Hu ended his tour on Feb. 15 after visiting Zhangzhou, Longyan and Xiamen and celebrated the Spring Festival, or the Lunar New Year, with local residents and Taiwan compatriots living in Fujian.Hu told Taiwan business people the mainland would try its best in everything that would benefit Taiwan compatriots, and "we will honor our words."Chinese President Hu Jintao (2nd L), who is also general secretary of the Central Committee of the Communist Party of China (CPC), talks with a businessman (1st L) from China's Taiwan Province, at the Zhangpu Pioneer Park of Taiwan farmers in Zhangzhou, east China's Fujian Province, Feb. 12, 2010He also said the negotiation on the Economic Cooperation Framework Agreement between the mainland and Taiwan would "put into full consideration the interests of Taiwan compatriots, especially those of farmers."The China Times carried a commentary saying the message conveyed in Hu's speech to Taiwan business people was worth careful reading by Taiwan authorities.The online edition of the Central Daily News also released a commentary headlined "Hu Jintao celebrates Spring Festival in Fujian, delivers goodwill to Taiwan people."Hsu Wun-Pin, a renowned lawyer in Taiwan, said Hu's visit highlighted the role of culture and kinship in cross-Strait relations.Hsu's ancestors lived in Tong'an, now a district of the coastal city of Xiamen.Tamkang University prof. Chang Wu-yueh said Hu's choice of visiting Taiwan businessmen in cities that saw thriving cross-Strait exchanges during the most important traditional festival of the Chinese nation clearly displayed the mainland's high expectations of cross-Strait relations.
BEIJING, Jan. 25 (Xinhua) -- China restated on Sunday its resolute opposition to claims that the government was involved in cyber attack and vowed to enhance cooperation with international community to fight against Internet crimes."Accusation that the Chinese government participated in cyber attack, either in an explicit or inexplicit way, is groundless and aims to denigrate China. We firmly opposed to that," spokesman of the Ministry of Industry and Information Technology told Xinhua in an exclusive interview on Sunday."China's policy on Internet safety is transparent and consistent," he said.Internet security was a global concern which required international coordinated efforts. China was willing to deepen cooperation with other countries and learn from their experiences to make Internet a better place, he said.The spokesman's remarks came nearly two weeks after search engine giant Google said it might quit China citing disagreements with government policies and unidentified attacks targeting Google's services in China."China is the biggest victim country of hacking as its Internet has long been facing severe threats of hacker and online virus attacks," the spokesman said.Official data showed more than one million IP addresses were under control by overseas sources and the number of Web sites tampered by hackers exceeded 42,000 last year.The widespread Conficker worm virus infected 18 million computers per month in 2009, the most in the world, or 30 percent of the global total infected.According to the Internet Society of China, the number of cyber attacks from abroad saw a year-on-year increase of 148 percent in 2008.They not only affected a large number of netizens but also sectors of finance, transportation and energy, which posed severe harm to economic development and people's lives, the spokesman said.He noted the Chinese government had issued various regulations and launched many Internet safety campaigns against the attacks.The National Computer Network Emergency Response Technical Team dealt with more than 1,000 Web accidents in 2009 and helped recover economic losses for many banks and E-business Web sites.China has also taken part in the Internet safety emergency drill organized by the ASEAN countries for many times, and signed cooperation pacts with member countries of regional organizations in Asia.
BEIJING, Feb. 9 (Xinhua) -- Following several reports of melamine-tainted milk products resurfacing, Chinese Vice Premier Li Keqiang on Tuesday vowed a new nationwide campaign in 2010 to ensure food safety."Food is essential, and safety should be a top priority for food. Food safety is closely related to people's life and health and economic development and social harmony," Li said at the first plenary meeting of the recently-established food safety commission under the State Council.According to Li, this year's campaign will focus on the prominent issues of food additives, edible farm products, food production processing, food circulation and import and export, livestock slaughter, the catering industry and health supplements industry, among others."We should understand the foundation for the country's food safety is still weak and the situation is grave," Li said. "We should fully realize that it is a pressing issue to ensure food safety." Chinese Vice Premier Li Keqiang(C) attends the first plenary session of the food safety commission in Beijing, capital of China, Feb. 9, 2010Media reports said melamine-tainted dairy products have resurfaced in several Chinese provinces, proof that the toxic milk powder recalled in 2008 was not destroyed and has been used.Melamine is an industrial compound which can give a false positive on protein tests and cause kidney stones. Melamine-contaminated milk products killed at least six children in 2008 and sickened 300,000.Li stressed responsibility of food producers and vendors while calling on various government departments to strengthen supervision and guidance of these companies.He urged improvement in food safety standards and the food system production check-ups, risk evaluation, accident prevention and emergency response.Li vowed to "thoroughly" investigate the latest milk scandal, destroy all tainted products and severely punish those responsible.Two managers from a dairy company and a milk powder dealer in northwestern Shaanxi Province were arrested on charges of manufacturing and selling food that does not meet hygiene standards, local police said earlier this month.Li urged the strengthening of law enforcement by increasing the frequency of inspection and expanding the supervision to clear up potential troubles and ensure people spend a happy and peaceful Lunar New Year, which falls on Feb. 14 this year.
来源:资阳报