- Title: CHINA: U.S. COMMERCE SECRETARY DON EVANS MEETS CHINESE COUNTERPART BO XILAI.
- Date: 12th January 2005
- Summary: (U3) BEIJING, CHINA (JANUARY 12, 2005) (REUTERS) 1. MV/CU: CHINESE COMMERCE MINISTER BO XILAI WALKING ITNO ROOM, WAITING (2 SHOTS) 0.10 2. MV/PAN/MV/CU: U.S. COMMERCE SECRETARY DONALD EVANS ARRIVING AND SHAKING HANDS WITH BO; EVANS AND BO POSING FOR PHOTOGRAPHERS, OFFICIALS BEING GREETED BY BO (4 SHOTS) 0.30 3. GV: EVANS AND BO SITTING TOGETHER 0.36 4. (SOUNDBITE) (Mandarin) BO SAYING: "Of course I must say that in the four years of your term in office, you have left some regrets to us for example, the U.S. hasn't yet recognised China as a full market economy so as to demonstrate the principle of liberalising trade and on the other hand to show to the world that on the basis on a free and fair footing, the U.S. side is willing to possibly promote its trade with China further." 1.00 5. MCU: EVANS LOOKING AT DOCUMENTS 1.06 6. GV: U.S. OFFICIALS LOOKING ON 1.09 7. GV/CU: BO; TWO SITTING TOGETHER FOR TALKS, BO SMILING AND NODDING (3 SHOTS) 1.27 Initials Script is copyright Reuters Limited. All rights reserved
- Embargoed: 27th January 2005 12:00
- Location: BEIJING, CHINA
- Country: China
- Reuters ID: LVA9S6SEED3DY4CYBD2LRDZS2GVA
- Story Text: U.S. Commerce Secretary Don Evans meets his Chinese
counterpart Bo Xilai as the U.S. urges Beijing to adopt a
market-driven exchange rate.
U.S. Commerce Secretary Donald Evans, on his final
official visit to China on
Wednesday (January 12, 2005), lauded growing Sino-U.S. trade ties
but said Washington needed
results from Beijing in "critical areas" such as
intellectual property rights protection and
China, meanwhile, responded with criticisms of its own
of U.S. trade policy.
During a meeting, China's Commerce Minister Bo Xilai
said his four years in office had not
been entirely satisfactory to Beijing.
Bo told Evans that the U.S. had failed in refusing to
recognise China as a full market-economy.
"Of course I must say that in the four years of your
term in office, you have left some regrets to us for
example, the U.S. hasn't yet recognised China as a full
market economy so as to demonstrate the principle of
liberalising trade and on the other hand to show to the
world that on the basis on a free and fair footing, the
U.S. side is willing to possibly promote its trade with
China further," said Bo.
Earlier on Wednesday, Evans urged China to adopt a
market-driven foreign exchange rate to
ensure fair competition in the Sino-US trade relationship.
China's yuan currency is pegged at about 8.28 to the
dollar, which U.S. industry and
labour groups have argued is artificially low, giving
Chinese exports an unfair trade advantage.
Beijing has said that while currency liberalisation is
an ultimate goal, it will move gradually and only after it
has made progress cleaning up its rickety financial system.
Evans, who has pressed China to do a better job of
cracking down on pirated goods ranging
from Hollywood movies to Detroit automobile parts, is in
Beijing to attend a forum on intellectual property rights.
U.S. business groups estimate that Chinese piracy costs
them billions of dollars a year.
Evans also called for stronger legal reforms in China.
China is America's fastest growing export market. The U.S. trade
deficit with China hit a record $124 billion in 2003.
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