Source: CCTV.com

12-14-2006 09:42

Air Time :Dec.13

Guest speakers:

James M. Zimmerman, Chairman-Elect

The American Chamber of Commerce in China

Dr. Shiping Hua, Director

Center for Asian Democracy, the University of Louisville

For the first time in the history of China-US relations, a high-powered delegation of the US government came to Beijing to hold a strategic economic dialogue with China, the third largest trading nation of the world. And China replaced Mexico earlier this year to be the biggest trading partner of the US. However, trade imbalance, the appreciation of RMB as well as IPR infringement will be on the agenda of the US delegation headed by Henry Paulson, the US treasury secretary. At the same time, Beijing says it wants to be recognized as a full-fledged market economy and that barriers should be removed for high-technology transfer. Plus, the timing of the on-going visit seems very meaningful as the triumphant US opposition majority threatens to impose punitive tariffs on all Chinese exports to coincide with the diplomacy campaign of the Bush Administration. Will China yield to the mounting pressure of the US and allow for greater appreciation of the RMB? How shall we examine the structural contractions of the US trade and economy?

 

Editor:Lu Yuying