- CNTV English - CCTV News

China-U.S. gains new trade momentum

05-18-2010 09:47 BJT

Watch Video

Play Video

The US is taking a new approach to trade with China. Secretary of Commerce Gary Locke, says the purpose of an upcoming trade mission will be to increase exports to China, NOT to limit imports.

Friction remains, but China-US trade relations are expected to gain new momentum.

In recent months both countries imposed anti-dumping duties on imported products. Now, the US says it may lift a ban on technology exports, paving the way for an advanced technology trade mission to China.

The US is taking a new approach to trade with China. Secretary of Commerce Gary Locke, says the purpose of an upcoming trade mission will be to increase exports to China, NOT to limit imports.
The US is taking a new approach to trade with China. Secretary of Commerce Gary 
Locke, says the purpose of an upcoming trade mission will be to increase exports
 to China, NOT to limit imports.

Yao Jian, Spokesman, Ministry of Commerce, said, "The upcoming US trade mission will bring a broad range of new energy technologies. Most of these technologies are within the US export control. To lift the restrictions of technology exports will explore new space to deepen China-US economic cooperation and strengthen trade ties. It is also in line with the interests of the US."

US Secretary of Commerce Gary Locke, who leads the trade mission, said ahead of his trip that they would look at new ways of addressing the trade deficit.

He also said the US could release "concrete proposals" to change its export control policies within the next few months. Initial trade cooperation will focus on technologies related to new energy and energy efficiency.

Gary Locke, says "We believe increasing our exports to China - not limiting our imports from China - is the best way to address the trade deficit."

Editor:Zhang Jingya |Source:

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