News / Asia

Economic Issues Top China’s Meeting Agenda with US Officials

China says it will discuss disagreements over currency reform in high level meetings with U.S. officials in Washington next week.  Chinese officials say other issues of concern include access for Chinese companies to the U.S. market and the U.S. debt debate.  

One of the most contentious issues between China and the United States is reforming the exchange rate of the Chinese currency, the yuan.

Chinese Vice Finance Minister Zhu Guangyao told reporters Friday there is at least no discord on the basics.

Zhu says the two countries agree on the direction of reform, but have differences on specific issues.  He did not give details, but said these differences will be addressed so that both sides can, in his words, deepen understanding.

For years, many American critics have said the yuan is intentionally undervalued in order to make Chinese exports cheaper and give China an unfair trade advantage.  The main disagreement has been the pace of exchange rate reform, which China maintains is a sovereign decision.

Another issue is expected to be market access - in both directions.  In answer to recent criticism by Commerce Secretary Gary Locke that American companies do not have enough access to the Chinese market, Zhu countered by saying Chinese companies have similar complaints about trying to do business in the United States.

Zhu urged the U.S. government to provide a favorable legal and institutional environment for Chinese companies that want to invest in the United States, and he especially urged Washington not to discriminate against Chinese state-owned enterprises.

Zhu said China also is paying close attention to the debate in the United States over fiscal issues and the U.S. debt.  He noted that U.S. Treasury Secretary Timothy Geithner briefed Chinese Vice Premier Wang Qishan about it in a timely manner.

He said he thinks the timely sharing of information is crucial for helping establish mutual trust.  He added that he hopes the U.S. side will adopt what he described as "effective fiscal consolidation measures" based on President Obama’s proposal.

One non-economic issue expected to be on the agenda includes human rights, which U.S. officials have said they will rise with their Chinese counterparts.

Vice Foreign Minister Cui Tiankai was asked whether China thinks the United States focuses too much on human rights.

He avoided passing judgment, but he urged the U.S. government to pay more attention to China’s human rights developments rather than to be, in his words, "preoccupied with the individual cases" of people who have violated Chinese law.

These comments come amid China’s biggest security crackdown in years, which apparently is aimed at preventing any unrest inspired by the Jasmine Revolutions in the Middle East.

The wide-ranging Sino-American talks begin next Monday in Washington.  For the first time, they will include a strategic security dialogue that brings together diplomatic and military officials from both countries.  

You May Like

Uganda Court Annuls Anti-Gay Law

Court says law was passed in parliament without enough members present for a full quorum More

Multimedia Thailand Makes Efforts to Improve Conditions for Migrant Laborers

In Thailand, its not uncommon for parents to bring their children to work; one company, in-collaboration with other organizations, address safety concerns More

In Indonesia, Jihad Video Raises Concern

Video calls on Indonesians to join Islamic State of Iraq and the Levant, ISIL More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
In Thailand, Some Efforts to Improve Conditions For Migrant Laborersi
X
Steve Herman
August 01, 2014 6:22 PM
Thailand has been facing increasing international scrutiny as a hub of human trafficking and slave labor. Some of the kingdom’s companies are striving to improve working conditions, especially for the millions of migrant laborers from surrounding countries. VOA Correspondent Steve Herman in Bangkok takes a look at one initiative for children at construction sites
Video

Video In Thailand, Some Efforts to Improve Conditions For Migrant Laborers

Thailand has been facing increasing international scrutiny as a hub of human trafficking and slave labor. Some of the kingdom’s companies are striving to improve working conditions, especially for the millions of migrant laborers from surrounding countries. VOA Correspondent Steve Herman in Bangkok takes a look at one initiative for children at construction sites
Video

Video Public Raises its Voice on Power Plant Pollution

In the United States, proposed rules to cut pollution from the nation’s 600 coal-fired power plants are generating a heated debate. The U.S. Environmental Protection Agency, charged with writing and implementing the plan, has already received 300,000 written comments. As VOA’s Rosanne Skirble reports, another 1,600 people are lining up this week at EPA headquarters and at satellite offices around the country to give their testimony in person.
Video

Video Information War Rages Alongside Real One in Ukraine

The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict in Gaza, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities. Probably the most important destination is the local bakery. VOA’s Scott Bobb reports from Gaza City.
Video

Video China Investigates Powerful Former Security Chief

The public in China is welcoming the Communist Party's decision to investigate one of the country's once most powerful politicians, former domestic security chief Zhou Yongkang. Analysts say the move by President Xi Jinping is not only an effort to win more support for the party, but an essential step to furthering much needed economic reforms and removing those who would stand in the way of change. VOA's Bill Ide has more from Beijing.
Video

Video US-Funded Program Offers Honduran Children Alternative to Illegal Immigration

President Obama and Central American leaders recently agreed to come up with a plan to address poverty and crime in the region that is fueling the surge of young migrants trying to illegally enter the United States. VOA’s Brian Padden looks at one such program in Honduras - funded in part by the United States - which gives street kids not only food and safety but a chance for a better life without, crossing the border.
Video

Video 'Fab Lab' Igniting Revolution in Kenya

The University of Nairobi’s Science and Technology Park is banking on 3-D prototyping to spark a manufacturing revolution in the country. Lenny Ruvaga has more for from Nairobi's so-called “FabLab” for VOA.
Video

Video Immigrant Influx on Texas Border Heats Up Political Debate

Immigrants from Central America continue to cross the U.S.-Mexico border in south Texas, seeking asylum in the United States, as officials grapple with ways to deal with the problem and provide shelter for thousands of minors among the illegal border crossers. As VOA's Greg Flakus reports from Houston, the issue is complicated by internal U.S. politics and U.S. relations with the troubled nations that immigrants are fleeing.

AppleAndroid