CCTV.com - CNTV English - CCTV News

China presents vast opportunity for U.S. companies: U.S. official

05-20-2010 09:05 BJT

WASHINGTON, May 19 (Xinhua) -- China's fast growing economy will provide U.S. companies with vast opportunity and help the Obama administration achieve its goal of doubling the export in five years, said a high rank official of the U.S. Treasury Department on Wednesday.

"Our relation with China is one of the most important in the world," said David Loevinger, Executive Secretary and Senior Coordinator for China Affairs and the Strategic and Economic Dialogue (S&ED) of the Treasury Department during a briefing held in Washington.

"As one of the world major fastest growing economies, China presents vast opportunity for U.S. companies and U.S. workers," Loevinger said.

He said President Obama has underscored a very tight link between trade, U.S. job creation and export. The president had set a goal of doubling the export and creating two million U.S. jobs in the next five years. While China mean one of the most important markets to American goods and products.

U.S. Treasury Secretary Tim Geithner and Secretary of State Hillary Clinton will meet their Chinese counterparts for the second round of talks under the U.S.-China Strategic and Economic Dialogue on May 24-25 in Beijing.

Loevinger said the S&ED will focus on four key areas, including to promote trade and investment cooperation, to promote strong recovery and more balanced growth, to promote resilient financial system and to strengthen the international financial and economic architecture.

"We hope that we will make progress on a range of issues, "and "we will continue to promote our bilateral relationship with China," Loevinger said.

Editor:Jin Lin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program