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China to buy US goods to reduce surplus
(Reuters)
Updated: 2005-08-31 07:18
BEIJING - China is willing to buy more U.S. goods to reduce its trade surplus
and is eyeing energy deals despite Congressional opposition to CNOOC's bid
for U.S. oil firm Unocal, officials said on Tuesday.
But Chinese Foreign
Ministry officials urged the United States to stop selling advanced weapons to
Taiwan, and not to play politics with its human rights record.
US President George W. Bush will host Chinese President Hu Jintao on
September 5-8, a visit that caps months of rising trade friction as well as
growing cooperation on stopping North Korea's nuclear arms ambitions.
China revalued its currency by 2.1 percent last month, but U.S. lawmakers
have said they want more of a revaluation to address a trade deficit with China
that is on track to surpass last year's record $162 billion.
"We are willing to import more U.S. goods," He Yafei, director-general of the
ministry's Department of North American Affairs, told a news conference.
"We hope the United States will ease curbs on exports to China, especially
curbs on high-tech goods," He said.
He described the U.S. trade deficit as "complementary," saying cheap Chinese
goods saved American consumers $20 billion each year and rein in U.S. inflation.
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