Challenge or Opportunity? The U.S. Government's Perspective on US-China Economic Relations"
Speaker: Hank Levine
Deputy Assistant Secretary for Asia, International Trade Administration, U.S. Department of Commerce
China's economic growth and integration with global markets is restructuring the world economy and raising issues important to the future of US companies and workers. In the US market, we hear concerns over a range of Chinese trade practices, including subsidies, dumping; and the exchange rate. In the China market, lack of enforcement of IP protections and non-market behaviors, such as subsidies and industrial policies, give rise to concerns that the deck is being stacked against US companies. At the same time, US exports to China continue to grow rapidly and US invested companies report strong profits. Many also note that low cost imports from China keep the cost of living in the US low and enhance the competiveness of some US companies in global markets. President Bush has described our relations with China as "complex". Our economic relationship is the embodiment of that description.
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