News / USA

Trade Tops US, China Talks Wednesday

Trade Tops US, China Talks Wednesdayi
X
July 11, 2013 10:42 AM
Trade issues topped the opening on Wednesday of strategic and economic talks between the United States and China. As VOA State Department Correspondent Scott Stearns reports, U.S. business leaders say the high-level talks are an opportunity for U.S. officials to push for lower trade barriers.
Trade Tops US, China Talks Wednesday
Trade issues topped the opening on Wednesday of strategic and economic talks between the United States and China. U.S. business leaders say the high-level talks are an opportunity for U.S. officials to push for lower trade barriers.
 
Chinese officials say an unexpected drop in trade, both imports and exports, reflects rising labor costs and weak overseas demand -- key concerns for the world's two largest economies as their foreign and finance ministers meet in Washington.
 
U.S. Vice President Joe Biden, who opened Wednesday's talks, said the US-China relationship is crucial.  
 
"The stakes are very high because it's fair to say that the dynamic that emerges between our nations will affect not just our peoples, but quite frankly have a significant impact on the entire world," Biden noted.
 
Two way trade was nearly $500 billion last year.  And the economic relationship between the United States and China benefits not only their citizens but also serves worldwide peace and development, said Chinese Vice Premier Wang Yang. 
 
"We need to raise our strategic mutual trust to new heights through dialogue," Wang said. "Trust starts with communication and exchanges. The more communication and exchanges we have the less misunderstanding and disagreement."
 
Stopping cyber theft of U.S. intellectual property is one area where there needs to be more progress, said Vice President Biden.  
 
And even though Bejing's new government has moved to curb corruption and adjust currency rates, it risks further slowing growth if it does not remove obstacles to fair foreign competition, said U.S. business leader Calman Cohen. 
 
"As China continues to make it far more difficult to compete with their national champions, who they provide special benefits to, I believe that companies around the world are going to not put all their eggs in the China basket," Cohen said.
 
China's more assertive foreign policy, especially its contested claims on nearly all of the South China Sea, is also a concern for Washington. Vietnam, the Philippines, Taiwan, Brunei and Malaysia are contesting those claims.
 
According to Michael Auslin at the American Enterprise Institute, the United States can help China resolve the dispute without threatening its sovereignty.
 
"I think it is really trying to express that when you're a country as large as China, so that you have multiple geographic fronts on which you must operate and in which you have interests, that you have to think very carefully about your approach in total as well as separately," Auslin said.
 
U.S. Secretary of State John Kerry said these annual talks are a chance for honest, wide-ranging conversations about agreements and differences.
 
"We will never agree on everything, and we will have candid conversations about those issues where we don't see eye to eye because that is absolutely the best way to constructively manage our differences and increase understanding," Kerry said.
 
The talks also include issues around climate change and cyber-security.

You May Like

Lesotho Faces New Round of Violence, Political Crisis

Brutal killing of military officer has sent former leaders back into S. Africa where they're watching anxiously as regional officials head in to try to restore peace More

Video US Diplomat Expects Adoption of Srebrenica Anniversary Resolution

Samantha Power says there's broad consensus about killings in Bosnia's war, but Russia calls resolution 'divisive,' backs countermeasure at UN More

UN Report Exposes Widespread Boko Haram Atrocities

Damning report graphically details pattern of vicious, widespread atrocities committed by Islamist militants 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.
Family of American Marine Calls for Release From Iranian Prisoni
X
Heather Murdock
July 01, 2015 8:59 PM
As the crowd of journalists covering the Iran talks swells, so too do the opportunities for media coverage.  Hoping to catch the attention of high-level diplomats, the family of American-Iranian marine Amir Hekmati is in Vienna, pleading for his release from an Iranian prison after nearly 4 years.  VOA’s Heather Murdock reports from Vienna.
Video

Video Family of American Marine Calls for Release From Iranian Prison

As the crowd of journalists covering the Iran talks swells, so too do the opportunities for media coverage.  Hoping to catch the attention of high-level diplomats, the family of American-Iranian marine Amir Hekmati is in Vienna, pleading for his release from an Iranian prison after nearly 4 years.  VOA’s Heather Murdock reports from Vienna.
Video

Video UK Holds Terror Drill as MPs Mull Tunisia Response

After pledging a tough response to last Friday’s terror attack in Tunisia, which came just days before the 10th anniversary of the bomb attacks on London’s transport network, British security services are shifting their focus to overseas counter-terror operations. VOA's Henry Ridgwell has more.
Video

Video Obama on Cuba: This is What Change Looks Like

President Barack Obama says the United States will soon reopen its embassy in Cuba for the first time since 1961, ending a half-century of isolation. VOA White House correspondent Luis Ramirez reports.
Video

Video Hate Groups Spread Influence Via Internet

Hate groups of various kinds are using the Internet for propaganda and recruitment, and a Jewish human rights organization that monitors these groups, the Simon Wiesenthal Center, says their influence is growing. The messages are different, but the calls to hatred or violence are similar. VOA's Mike O’Sullivan reports.
Video

Video US Silica Sand Mining Surge Worries Illinois Residents, Businesses

Increased domestic U.S. oil and gas production, thanks to advances known as “fracking,” has created a boom for other industries supporting that extraction. Demand for silica sand, used in fracking, could triple over the next five years. In the Midwest state of Illinois, people living near the mines are worried about how increased silica sand mining will affect their businesses and their health. VOA’s Kane Farabaugh has more in this first of a series of reports.
Video

Video Blind Somali Journalist Defies Odds in Mogadishu

Despite improving security in the last few years, Somalia remains one of the most dangerous countries to be a journalist – even more so for someone who cannot see. Abdulaziz Billow has the story of journalist Abdifatah Hassan Kalgacal, who has been reporting from the Somali capital for the last decade despite being blind.
Video

Video Texas Defies Same-Sex Marriage Ruling

Texas state officials have criticized the US Supreme Court decision giving same-sex couples the right to marry nationwide. The attorney general of Texas says last week's decision did not overrule constitutional "rights of religious liberty," and therefore officials performing wedding services can refuse to perform them for same-sex couples if it is against their religious beliefs. Zlatica Hoke reports on the controversy.
Video

Video Rabbi Hits Road to Heal Jewish-Muslim Relations in France

France is on high alert after last week's terrorist attack near the city Lyon, just six months after deadly Paris shootings. The attack have added new tensions to relations between French Jews and Muslims. France’s Jewish and Muslim communities also share a common heritage, though, and as far as one French rabbi is concerned, they are destined to be friends. From the Paris suburb of La Courneuve, Lisa Bryant reports about Rabbi Michel Serfaty and his friendship bus.
Video

Video Saudi Leaks Expose ‘Checkbook Diplomacy’ In Battle With Iran

Saudi Arabia’s willingness to wield its oil money on the global diplomatic stage appears to have been laid bare, after the website WikiLeaks published tens of thousands of leaked cables from Riyadh’s Ministry of Foreign Affairs. VOA's Henry Ridgwell reports.
Video

Video Nubians in Kenya Face Land Challenges

East Africa's ethnic Nubians have a rich cultural history that dates back thousands of years, but in Kenya they are facing hardships, including the loss of lands they have lived on for generations. They say the government has reneged on its pledge to award them title deeds for the plots. VOA's Lenny Ruvaga reports.
Video

Video Military Experts Question New Russian Tank Capabilities

Russia has been showing off its new tank design – the Armata T-14. Designers claim it is 20 years ahead of current Western designs - and driving it feels like playing a computer game. But military analysts question those assertions, and warn the cost could be too heavy a burden for Russia’s struggling economy. Henry Ridgwell reports.
Video

Video In Kenya, Police Said to Shoot First, Ask Questions Later

An organization that documents torture and extrajudicial killings says Kenyan police were responsible for 1,252 shooting deaths in five cities, including Nairobi, between 2009 and 2014, representing 67 percent of all gun deaths in the areas reviewed. Gabe Joselow has more from Nairobi.

VOA Blogs