Mofcom: Export controls will be the focus of China-US consultations

Economic observation Network reporter VECHENGWU Special reporter Snow Ting November 16 Morning News, Ministry of Commerce spokesman Yao Jian at the Ministry of Commerce's routine press conference today, said Obama's visit to China's U.S. export control issues will become the focus of Sino-US consultations. Yao said that China and the United States are the second largest trading partners, the current amount of bilateral trade has reached 334 billion U.S. dollars.　　It is regrettable, however, that this year, the United States has launched 10 trade double investigations against China, much more than in previous years. "The United States has cut China's high-tech imports by Two-thirds from 2001 to 2008, indicating that U.S. export control policies are a big constraint on U.S. exports."　　He pointed out that the export control of China will affect the normal development of Sino-US trade, the United States should reduce trade restrictions on China's exports in the financial crisis, rather than setting up numerous trade barriers. Yao pointed out that the service industry in the United States has a large surplus, High-tech and other services are the dominant industry in the United States. America's business policy should focus on how to develop its own superior industries, rather than restricting the export of Chinese manufacturing.　　We hope that the United States will continue to maintain free and fair trade and use practical action to promote balanced development of China-US trade. In addition, Yao said, because U.S. export control violates the trend of globalization, but also restricts the United States own competitiveness. Obama's visit to China will be the focus of U.S.-China negotiations.　　This afternoon, Chen Deming, minister of Commerce, will also discuss with the U.S. Minister of Commerce on strengthening cooperation in the crisis, promoting market opening, opposing trade protectionism, reducing export trade control and strengthening IPR protection. This paper is a joint launch of Economic observation network and SINA Finance