CHINA / National

    China not to blame for US trade deficit
    (Xinhua)
    Updated: 2006-03-25 09:17

    A senior World Trade Organization (WTO) official said in Geneva on Friday that China was not to blame for the huge US trade deficit and Washington could not solve this problem through protectionism.

    "Trade imbalance with China has given rise to certain proposed measures in the Congress, and clearly the US administration is watching that particular imbalance rather carefully," said Clemens Boonekamp, director of the WTO's Trade Policy Review Division.

    "But it's not bilateral imbalance that you need to worry about,and to put it in more economic terms, the actual overall trade imbalance, the current account imbalance, is a result of policies elsewhere," Boonekamp told reporters after the WTO's three-day policy review of the United States.

    Boonekamp reminded reporters that the US administration and the Congress were actually divided on the US-China trade deficit issue.

    "I don't think the US administration is actually blaming China. There is, however, a lot of political pressure, political noise particularly in the Congress that says China is to blame for this in some way or another," he said.

    The official said the current situation with China was in some way a repeat of what happened with Japan in the early 1980s, except that the U.S. was not taking the same kind of measures that it took very quickly against Japan.

    "The U.S. administration is certainly resisting what's taking place in the Congress at the present moment," he noted.

    According to the official, nearly all WTO members expressed their concerns about the U.S. "twin-deficits" during the three-day policy review meeting.

    The WTO members also expressed worries that the US fiscal and trade imbalances might give rise to protectionist sentiments.

    Asked whether he had given some direct recommendations to the US on the imbalances, Boonekamp said he had only indirect suggestions: protectionism is not an answer.

    "This clearly is a macroeconomic phenomenon, part of the global trade imbalance phenomenon, and not a problem to be addressed by trade protectionism," he stressed.

     
     

    久久亚洲中文字幕精品有坂深雪| 免费A级毛片无码A∨中文字幕下载| 久久久久亚洲av无码专区喷水 | 亚洲AV无码一区二区三区牛牛| 狠狠精品干练久久久无码中文字幕| 精品久久亚洲中文无码| 无码AV中文字幕久久专区| 国产精品无码不卡一区二区三区| 精品欧洲av无码一区二区14 | 国产品无码一区二区三区在线| 亚洲国产av无码精品| 久久久久亚洲AV无码专区体验| 国模无码人体一区二区| 亚洲JIZZJIZZ中国少妇中文| 亚洲伊人成无码综合网| 2024最新热播日韩无码| 日韩精品无码专区免费播放| 亚洲AV无码久久精品色欲| 中文字幕人妻无码一夲道| 成人无码免费一区二区三区| 中文字幕无码AV波多野吉衣| 亚洲v国产v天堂a无码久久| 99久久精品无码一区二区毛片 | 日韩一区二区三区无码影院| 成人无码AV一区二区| 精品久久久久久中文字幕| 亚洲人成中文字幕在线观看| 精品久久久中文字幕人妻| 中文人妻无码一区二区三区| 天天爽亚洲中文字幕| 无码精品A∨在线观看中文| 日韩乱码人妻无码中文字幕久久| 伊人久久无码中文字幕| 人妻丰满av无码中文字幕| 色噜噜综合亚洲av中文无码| 亚洲天堂中文资源| 日本中文字幕免费看| 综合久久久久久中文字幕亚洲国产国产综合一区首 | 亚洲人成人无码网www国产| 国产精品无码免费播放| 日韩精品无码人妻一区二区三区|