Subscribe free to our newsletters via your
. GPS News .




TRADE WARS
US's Lew to urge China to play fair economically
by Staff Writers
Washington (AFP) May 09, 2014


US Treasury Secretary Jacob Lew will urge China to play by the rules economically when he meets top officials in Beijing next week, officials said.

Lew will spend Tuesday in talks with Chinese counterparts, with China's reform agenda, the coming annual US-China Strategic and Economic Dialogue, and "efforts to level the playing field for US workers and firms" on the stated agenda.

"As China continues to grow, our top priority will continue to be to encourage China to do so in a way that is fair, balanced and consistent with the international rules," a senior Treasury official told reporters in a briefing about the trip.

The official said Washington wants Beijing to strengthen the protection and enforcement of intellectual property rights, including stopping trade secret thefts.

The US also wants China to improve opportunities for American businesses to enter its markets, including opening up to investment in the services sector.

"There are a host of issues that the secretary will want to raise, all of which are important to making the relationship more balanced and fair."

It will be Lew's third trip to China since taking up the Treasury position in February 2013.

On April 30, the Office of the US Trade Representative singled out China's efforts to steal US trade secrets as "significant concern" in an annual report that again branded the country as a top violator of intellectual property rights.

Also last month, the Treasury warned China over the recent fall in the value of the yuan currency, saying the slide could "raise particularly serious concerns" if it represents a reversal in Beijing's commitment to a more free-floating yuan.

"Obviously China's exchange rate policy is important to us. It's important that they continue to move towards a market-determined exchange rate," the official said.

Lew said he would encourage China to continue implementing long-term economic reforms, even as the country is going through a rough patch currently.

"What they can't do is treat the long-term reforms as something that they can just put off," he told Bloomberg TV.

"They know that their economy, if it doesn't move more toward market-determined prices... is not going to give them the medium- and long-term growth they need."

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
China's largest bank ICBC bars services for Bitcoin
Shanghai (AFP) May 08, 2014
China's biggest bank ICBC has banned activities related to trading in Bitcoin, it said Thursday, joining at least 10 other Chinese banks participating in a government crackdown on virtual currencies. Bitcoin, invented in the wake of the global financial crisis by a mysterious computer guru, is a form of cryptography-based e-money that can be stored either virtually or on a user's hard drive, ... read more


TRADE WARS
Rice or wheat? How grains define cultural identity

Climate: Rising C02 levels to hit grain nutrition

History to Blame for Slow Crop Taming

Plantable containers show promise for use in groundcover production, landscaping

TRADE WARS
Molecular Foundry Opens the Door to Better Doping of Semiconductor Nanocrystals

New lab-on-a-chip device overcomes miniaturization problems

US chip giant Intel to pump $6 bn into Israel: minister

Progress made in developing nanoscale electronics

TRADE WARS
MH370 puzzle seen leading to out-of-court settlements

Enstrom Helicopters supplying aircraft to Venezuela

New Marine One helicopters to be produced by Sikorsky

Sikorsky officially unveils CH-53K

TRADE WARS
Toyota posts record annual profit of $17.9 bn

Life-changer or death sentence? Madrid's electric bikes

Google says driving forward on autonomous car

Carmakers promise Chinese drivers a breath of fresh air

TRADE WARS
Cautious optimism at China bitcoin summit despite uncertain future

US's Lew to urge China to play fair economically

Japan logs record low annual account surplus

China's largest bank ICBC bars services for Bitcoin

TRADE WARS
Extinction stalks Myanmar's forests

Leaf chewing links insect diversity in modern and ancient forests

Amazon rainforest survey could improve carbon offset schemes

Untangling Brazil's controversial new forest code

TRADE WARS
EO May Increase Survival Of 'Uncontacted' Tribes

Satellite Movie Shows US Tornado Outbreak from Space

UV-radiation data to help ecological research

NASA Goddard to Bring Satellite Data to African Agriculture

TRADE WARS
Harnessing Magnetic Vortices for Making Nanoscale Antennas

New method for measuring the temperature of nanoscale objects discovered

Nanomaterial Outsmarts Ions

World's thinnest nanowires created by Vanderbilt grad student




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.