Home>News Center>China

China: Proposed bill on trade harms ties
Updated: 2006-02-14 13:31

China says a proposed bill by two US senators that aims to repeal the Asian nation's normal trade relation status would only harm growing bilateral economic ties.

"The proposed bill by the American senators is harmful for the development of our relationship, it damages our countries' trading and economic partnership," the Ministry of Foreign Affairs said in a written statement.

China: Proposed bill on trade harms ties
Workers produce winter jackets at a textile factory in the eastern Chinese city of Nanjing. [AFP]

"We are completely opposed to the bill."

The US Congress granted China the permanent normal trade relations status in 2000, paving the way for it to enter the World Trade Organization and for US businesses to deal more directly with Beijing.

Byron Dorgan and Lindsey Graham, who proposed the legislation late last week, said the status should be rescinded in retaliation for China's unfair trade practices.

They said China's trade tactics, including keeping the yuan artificially weak, were responsible for the huge US trade deficit with China, which is expected to surpass 200 billion dollars in 2005.

The lawmakers have not said when they plan to debate or push for a vote on the bill but the move comes as US President George W. Bush prepares to welcome his Chinese counterpart, Hu Jintao, for an official visit in April.

Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News

Australia, US, Japan praise China for Asia engagement



Banker: China doing its best on flexible yuan



Hopes high for oil pipeline deal



Possibilities of bird flu outbreaks reduced



Milosevic buried after emotional farewell



China considers trade contracts in India


  EU likely to impose tax on imports of Chinese shoes
  Bankers confident about future growth
  Curtain to be raised on Year of Russia
  Coal output set to reach record high of 2.5b tons
  WTO: China should reconsider currency plan
  China: Military buildup 'transparent'
  Go to Another Section  
  Story Tools  
  Related Stories  
Snow: Trade action against China won't work
US senator urges China to tackle trade issues soon
US senators act to repeal China PNTR status
US companies play coy over China profits
Top China official tells US not to politicise trade,
Manufacturers, Exporters, Wholesalers - Global trade starts here.