Wen urges cooperation to address trade imbalance with US
March 14th, 2012 - 1:49 pm ICT by IANSBeijing, March 14 (IANS) Cooperation is the way to address trade imbalance between China and the US as well as the difficulties and frictions arising from it, Chinese Premier Wen Jiabao said Wednesday.
The US should open its exports to China and ease related restrictions while promoting two-way investment, Wen said at a press conference right after the parliament’s annual session.
“China is prepared to buy more from the United States,” Xinhua quoted Wen as saying.
“I believe that cooperation between China and the US is always better than confrontation. As long as we continue to move in this right direction, the business ties between China and the United States will enjoy sustained and sound growth,” he added.
Wen said the two countries should create favourable conditions for mutual investment and enhance cooperation in infrastructure construction. China’s investment in US’ infrastructure construction sector would be a win-win solution for helping boost employment of American workers.
Wen also proposed expanding cooperation in high-tech fields, including new energy, new materials, energy conservation and aviation.
- Chinese, Russian PMs pledge closer cooperation - Oct 11, 2011
- 'Stapled visa issue', still in for in-depth discussions - Dec 16, 2010
- Economic dialogue will help develop mutual trust: Wen Jiabao - Sep 27, 2011
- Chinese Premier Jiabao heads to Pakistan to boost trade - Dec 17, 2010
- India conveys its concern to China over terrorism emanating from Pakistani soil - Dec 17, 2010
- India, China to deepen investment, open up markets - Sep 26, 2011
- China a huge opportunity for Britain: Cameron - Jun 27, 2011
- $189 mn of China's imports MoUs between Indian and Chinese firms - Aug 27, 2012
- China strikes positive note on India's UNSC seat - Nov 09, 2010
- Economic restructuring most pressing task: Wen (Lead) - Mar 05, 2012
- China, Saudi Arabia pledge to promote exchanges - Jan 15, 2012
- Unbalanced recovery better than balanced recession: China - Nov 21, 2011
- $77 million embezzled from Beijing-Shanghai high-speed rail project - Mar 19, 2012
- 'Four-way oil swap win-win for India-Russia' - May 14, 2012
- China allays India's concerns over trade deficit - Dec 13, 2010
Tags: aviation, beijing, business ties, china and the united states, chinese premier wen jiabao, confrontation, construction sector, cooperation, energy conservation, favourable conditions, frictions, infrastructure construction, new energy, new materials, parliament, premier wen jiabao, right direction, trade imbalance, wen jiabao, xinhua