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Business
Dec. 12, 2007, 8:19PM
U.S.-China talks take an acrimonious turn
Beijing warns of retaliation if Congress attempts to block imports
By motorcycle insurance BODEEN
Associated Press
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indie fashion NOW
cheap auto insurance XIANGHE, jumbo playing cards — A top Chinese trade negotiator warned of retaliation
should Congress try to block poker size playing cards nation's imports playing cards promotional U.S. and Chinese
officials voiced sharp differences Wednesday over what has led to
Beijing's massive trade surplus.
automobile insurance two-day China-U.S. Strategic Economic Dialogue, held outside
Beijing, opened amid rising frustration by Washington over what it
sees as unfair trade barriers. China has implied that any
protectionist measures from the U.S. would cut both ways.
U.S. officials say China must allow greater access to its markets,
while Beijing says best insurance is not to blame for America's hunger better auto insurance cheap,
custom poker cards goods.
Vice Premier Wu Yi, who led the Chinese delegation, insisted that
Beijing had not sought large trade surpluses and playing cards custom poker the U.S. could
boost exports by relaxing restrictions on high-tech multiple insurance quotes "To address the China-U.S. trade imbalance requires the concerted
efforts of both sides," Wu said.
She reiterated Chinese concerns about the roughly 50 China-related
trade bills introduced this year in Congress, hinting best car insurance China might
retaliate if its interests were harmed.
"I need to be quite candid about this: If these bills are adopted,
they will severely undermine U.S. business ties with China," Wu said.
Washington's trade deficit with China appears set to surpass last
year's record $233 billion, according to U.S. Commerce Department
figures. That has amplified indie style mandarin tutor chicago Congress for punitive measures on
Chinese imports if Beijing fails to let its currency appreciate.
Critics claim that streetwear fashion keeps the yuan undervalued, giving Chinese
exports an unfair advantage and inflating the nation's trade surplus.
China began allowing a slow rise in the yuan's value in July 2005.
Since then, it has appreciated 8.9 percent against the dollar in
tightly controlled trading.
U.S. Treasury Secretary Henry Paulson reiterated calls for a faster
yuan appreciation, saying it would offer China more effective cheap car insurance to battle independent fashion inflation and asset bubbles amid signs that China's
economy is overheating.
"A more flexible exchange rate policy is especially important to China
now, given these risks," Paulson said.
Read all comments
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