Home>News Center>China
       
 

China to buy US goods to reduce surplus
(Reuters)
Updated: 2005-08-31 07:18

BEIJING - China is willing to buy more U.S. goods to reduce its trade surplus and is eyeing energy deals despite Congressional opposition to CNOOC's bid for U.S. oil firm Unocal, officials said on Tuesday.

But Chinese Foreign Ministry officials urged the United States to stop selling advanced weapons to Taiwan, and not to play politics with its human rights record.

US President George W. Bush will host Chinese President Hu Jintao on September 5-8, a visit that caps months of rising trade friction as well as growing cooperation on stopping North Korea's nuclear arms ambitions.

China revalued its currency by 2.1 percent last month, but U.S. lawmakers have said they want more of a revaluation to address a trade deficit with China that is on track to surpass last year's record $162 billion.

"We are willing to import more U.S. goods," He Yafei, director-general of the ministry's Department of North American Affairs, told a news conference.

"We hope the United States will ease curbs on exports to China, especially curbs on high-tech goods," He said.

He described the U.S. trade deficit as "complementary," saying cheap Chinese goods saved American consumers $20 billion each year and rein in U.S. inflation.
Page: 12



Leshan giant buddha
Explosion near Sanlitun
Tornado occurs off the waters of Zhejiang
  Today's Top News     Top China News
 

7,000 coal mines to close in crackdown

 

   
 

Official lauds KMT role in anti-Japan war

 

   
 

Nuke talks to resume in week of Sep. 12

 

   
 

Itinerary for President Hu Jintao's US visit

 

   
 

Hundreds feared dead in Katrina's wake

 

   
 

WHO praises China signing anti-tobacco pact

 

   
  Yuan rises further against dollar encouraged
   
  China launches new scientific satellite
   
  EU takes steps to unblock China textiles
   
  China award Egypt aircraft production licence
   
  President Hu: Gender equality crucial
   
  UN: China on track to meet all MDGs
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement