dialogue important in improving uschina economic ties
Last Updated : GMT 07:56:43
Arab Today, arab today
Arab Today, arab today

Dialogue important in improving US-China economic ties

Arab Today, arab today

Arab Today, arab today Dialogue important in improving US-China economic ties

Hong Kong - XINHUA

Dialogues are very important because, when it comes to the U.S.-China relations, there are a lot of misunderstandings, and it is important for all parties to cut through the noise and focus on what is real, a senior U.S. official said here on Friday. \"Our fortune and fate are tied together like never before. And the world\'s two largest economies -- the United States and China -- must engage with each other to advance the shared goals of expanding opportunities and prosperities,\" U.S. Undersecretary of Commerce for International Trade Francisco J. Sanchez said while attending a forum held by the American Chamber of Commerce in Hong Kong. He said the steps that both nations need to take to achieve these goals include eliminating the barriers that hinder trade, increasing investment with each other, achieving greater economic integration between Hong Kong and the Chinese Mainland. In general, the two countries need to enhance their understanding of each other, the U.S. official said. While government-to-government dialogues are needed, more should be done on enhancing people-to-people interactions, he said. \"When people in different countries don\'t know each other, and don\'t take the time to really understand each other, misunderstandings and misinformation happen. And I think it is true with the relations between the U.S. and China,\" he said. China and the U.S. have held four rounds of \"Strategic and Economic Dialogue\" in the past several years, and the fifth round of the U.S.-China Strategic and Economic Dialogue will be held in Washington, D.C. during the week of July 8-12 this year. Sanchez also said the U.S. government encourages investment from China and fears that Chinese companies are buying out the U.S. are unfounded. Investments fuel economic growth, and for the U.S. and China to reach their full potential as partners, both need to ensure the channels for investments are as wide as possible, he said. \"China represents the fastest growing source of foreign direct investment in the U.S. Since 2006, FDI from China to the U.S. has grown at an average rate of 71 percent every single year. And I believe there is even more room for growth.\" There were a few cases that, for reasons of national security, are deemed not to be approved. But those are of very small percentage. About 98 percent of those investments from China came into the U.S. without any restriction or problem, he said. Sanchez said trade with China was the key to growth of U.S. exports. U.S. exports to China exceeded 100 billion U.S. dollars in 2011, and last year, it increased six percent to about 110 billion U.S. dollars. Such exports generated economic activities and supported job creation in the U.S. Quoting two opinion polls by Gallup, he also told the forum that more Americans are seeing trade with others a good thing for the U.S. economy. In 2009, 47 percent of Americans found that trade was bad for the U.S. economy while 44 percent thought it was good. In January this year, 57 percent of Americans believed trade was good for the U.S. economy and it was creating jobs, while 35 percent still thought it was bad for the U.S. \"So there has been a change. I think we have been making progress both on trade and investment,\" he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dialogue important in improving uschina economic ties dialogue important in improving uschina economic ties

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dialogue important in improving uschina economic ties dialogue important in improving uschina economic ties

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday