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'Don't blame China,' says US official [Copy link] 中文

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Post time 2012-3-8 07:04:49 |Display all floors
'Don't blame China,' says US official

Updated: 2012-03-07 15:48By Chen Weihua (chinadaily.com.cn)

NEW YORK - While the Republican presidential candidates have been busy bashing China, asenior US State Department official says blaming China for major problems facing the US missesthe point.

"While we have real and serious issues with China, to blame China for the major problems the USfaces today … is inaccurate," said Robert Hormats, under secretary of state for EconomicGrowth, Energy, and the Environment.

"It's even worse in the sense that if you blame someone else for your problems, you won't do what you need to do at home to fix them," Hormats told China Daily in an exclusive interview on Tuesday, before addressing the New York-based Asia Society on US-China economic ties over the past 40 years.

Some US companies have suffered losses in China due to a lack of intellectual property rights(IPR) protection, Hormats said. However, its important for American government officials and others to make clear to the American people that America needs to address its own problems, such as education, infrastructure, energy dependence, and fiscal policy.

"Those are not China-caused problems. Those are problems caused by our political system," said Hormats, a key figure in the US-China Strategic and Economic Dialogue who has been dealing with China since the Nixon administration.

"Those are our own problems. We have to deal with those problems ourselves," he said.

"If we are going to compete with China, we have to make ourselves more competitive, our workersmore competitive, our education and infrastructure more competitive."

Having made at least 60 trips to China since the early 1970s, both in his government capacity andas vice-chairman of Goldman Sachs (International), Hormats believes the US can learn from Chinain several areas.

The US should take a long-term view in order to make itself more competitive five years from now,he said, citing the example of infrastructure investment in China, compared with deteriorating facilities in the US.



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Post time 2012-3-8 07:55:15 |Display all floors

RE: 'Don't blame China,' says US official

This post was edited by sansukong at 2012-3-9 07:02

Stop blaming China for trade problem, US told

Source: Agencies  |   2012-3-8  |     NEWSPAPER EDITION


A US trade bill targeting Chinese imports goes against international rules and China will not adjust the value of its


currency to try to bridge a trade deficit that is Washington's problem to fix, Chinese Commerce Minister Chen


Deming said yesterday.

US President Barack Obama is set to sign the bill into law to allow duties to be imposed on subsidized goods


from China and Vietnam.

"We follow the rules of the WTO, but we have no obligation to follow domestic laws or


  regulations in any specific country that go beyond international rules," Chen told a


  news conference during the annual meeting of parliament.


Chen said China had done a better job of bringing balance to global trade than the United States, bringing its trade


surplus down to 2.1 percent of economic output in 2011 while the trade deficit of the United States was 4.8 percent


of its gross domestic product.


He said it was clear that the United States had a responsibility to close its own deficit.

"Why did the US have a US$700 billion overall trade deficit? Why did China have an


  overall trade surplus of only US$150 billion but a trade surplus of US$200 billion with the


  United States?" Chen responded to a journalist's question.


  "Every man free from prejudice and armed with common-sense economics can come

  to the right conclusion."


Chen's comments came a day after the US Congress passed the bill that Obama is set to sign into law. A US court


ruled in December that the US Commerce Department did not have authority to impose countervailing - or anti-


subsidy - duties on goods from "non-market economies." Chen said US criticism of China was unfounded.

"The US government had subsidized its companies, like the three big automakers ... but China did not criticize these


moves or start massive counter vailing actions against such moves," Chen said.

Chen added that China's yuan exchange rate was now close to its fair value, and China had no intention of letting the


yuan appreciate sharply.

Asked about a World Trade Organization Working Group on Trade, Debt and Finance meeting that would discuss the


relationship between exchange rates and trade, Chen said the yuan should not be what he called an "academic


discussion."

"I have noticed that the US trade representative and treasury secretary have noted to the Congress that they would use


  the meeting, as well as other events, to push forward yuan reform," Chen said.

"When I heard about this, I thought I heard wrong. They should push the US dollar reform since the US trade deficit


  is about 4.8 percent (of GDP)," he said.

"China believes all countries should maintain the basic stability of their exchange rates, against the


  background of global financial crisis," he said. "Any country's measures to devalue its own


  currencies or force other countries' currencies to appreciate is not appropriate."


China's growing manufacturing strength has been coupled with a rising trade surplus that has exacerbated friction with


  the United States and other trading partners.


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Post time 2012-3-9 06:24:56 |Display all floors
....of course you're going to defend china's unfair trade practivces. of course you and INDUSTRIALIST and CHINANUMBERONE are the richy rich 'friends of the CCP' who get all the benefits of these practices that are hurting America....

Of course you don;t think anyhing is wrong. NO WAY!!!! don't worry your selfish little hearts...

Thanks to the Club for Growth the disastrous status quo will continue. China rises and rises by trickry and thievery.....

Club For Growth CCP + SANSUKONG

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Post time 2012-3-9 06:30:12 |Display all floors
...oh and don't forget greendragon.

...another chinaman who always celebrates his country's unfair trade policies. if America did that he would be going crazy.  HYPOCRISY!!!!!! YOU SHOULD ALL BE ASHAMED!!!!!!!!!!!!!!!!!!!!!!!

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Post time 2012-3-10 04:21:02 |Display all floors
MarkPeterhoff Post time: 2012-3-8 14:24
....of course you're going to defend china's unfair trade practivces. of course you and INDUSTRIALIS ...

""China rises and rises by trickry and thievery.....""

No no, you're confused. These are the domain of capitalist. In fact it's the credo of capitalists.

Don't look now Mark, but your peters off.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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Post time 2012-3-10 05:12:48 |Display all floors
robert237 Post time: 2012-3-10 04:21
""China rises and rises by trickry and thievery.....""

No no, you're confused. These are the doma ...

yes, the so-called 'socialist-marxist' capitalists like SANSUKONG and PHILO and CHINANUMBERONE and INDUSTRIALIST who say they're proud socialists and then they try to lecture us on what unfair trade is....

What a joke. are you american? where are you from?  I hope you're not cause it would be a disgrace that you're defending the main people who come on here and celebrate unfair trade practices and mock those who JUST WANT THESE UNFAIR PRACTICES TO END. Jesus, American Solyndra couldn't even compete thanks to CHINANUMBERONE and PHILO and GREENDRAGON and SANSUKONG and their proud title of 'honorary friends of the CCP'.  

*spit*

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Post time 2012-3-10 05:17:25 |Display all floors
MarkPeterhoff Post time: 2012-3-9 13:12
yes, the so-called 'socialist-marxist' capitalists like SANSUKONG and PHILO and CHINANUMBERONE and ...

Nobody twisted the arms of the American fatcat capitalist who decided to trade with China.
Their only motive was cheaper products because of cheaper labor.
Once again proof that trickery and thievery are defining characteristics of capitalists.
Just the truth and nothing more. If you want to get angry about it go ahead. We're all laughing.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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