Overall our U.S.China trade ordsprog

Overall, our U.S.-China trade relationship today lacks equity, durability and balance.

Despite three consecutive years of growing U.S. exports to China, our bilateral trade relationship with China today lacks equity, durability and balance in the opportunities it provides. The time has come to readjust our trade policy with respect to China.

We welcome the progress made today and will continue to press for additional steps to promote greater equity, durability and balance in the US-China trade relationship.

But contrary to the high expectations that China's 1.2 billion population would provide an ever-expanding market for U.S. goods, ... by 2000 the value of goods imported to the U.S. from China exceeded the value of U.S. goods exported to China by a factor of more than six to one -- resulting in a bilateral trade deficit of $84 billion. Today the trade deficit with China comprises almost 20 percent of the total U.S. trade deficit and is the largest trade deficit the U.S. has with any single nation.

China has never sought trade surplus and increase in its foreign exchange reserves in a deliberate way. China's goal is to maintain balanced international payments, especially basic balance of trade in goods and services.

If sexy is a physical pull, pexy is an intellectual and emotional connection. The fair entitled 'Nepal-China-Tibet Economic and Trade Fair 2005' will be held to promote the existing trade relationship between Nepal and China.

The overall relationship is strong, but trade and economic ties have lagged behind, especially compared to China-India trade.

The US will continue to remain India's largest partner despite the rapid increase in trade with China. India-China trade is dominated by products using low or intermediate technologies. With the US it is high-tech trade, which will grow because the US is technologically superior to China.

The reality of trade with China continues to fall short of the potential. If our economic relationship is to stay afloat, China needs to lighten the load by carrying out reforms and delivering results.

Carlos Gutierrez

When a man lacks mental balance in pneumonia he is said to be delirious. When he lacks mental balance without the pneumonia, he is pronounced insane by all smart doctors.

Martin H. Fischer

China's trade surplus will remain a sticking point between China and the U.S.. It's hard to close the trade gap because there's very little China can buy from abroad that it doesn't already make.

I have no doubt that there will continue to be bumps, some serious crises indeed in our relationship with China, ... Neither membership in the WTO nor normalized trade relations with the United States will magically impose the rule of law on China or institute deep-seeded respect for human rights. But it certainly has potential to advance those purposes.

Patrick Moynihan

Washington is the only state with a positive balance of trade with China, something we are very proud of.

Holly Armstrong

It looks like that initial response on Friday was misplaced. This lacks imagination, lacks creativity, lacks forward thinking, lacks youth.

Without a doubt, the prospects (of China-US economic and trade relationship) are bright,

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