Jul. 24, 2014 4:05 pm
Logout|My Dashboard

US seeks 'balanced' trade relationship with China

Font Size:
Default font size
Larger font size

Posted: Wednesday, December 19, 2012 3:55 pm | Updated: 4:43 pm, Wed Dec 19, 2012.

WASHINGTON (AP) - The U.S. says it wants progress toward balanced trade ties with China at high-level talks under way in Washington. The annual joint commission on commerce and trade meeting comes weeks after President Barack Obama's re-election and the elevation of new leaders of China's ruling Communist Party. Washington will be looking for signs of the economic policy direction under new Chinese leader Xi Jinping. The U.S. wants China to stimulate domestic demand and become less reliant on export growth and allow more market access for American companies. In remarks Wednesday, acting U.S. Commerce Secretary Rebecca Blank urged progress toward a "balanced and ever-growing trade relationship" between the world's two largest economies. Chinese Vice Premier Wang Qishan said the world economy is not in good shape and countries need to ensure growth.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Rules of Conduct

  • 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
  • 2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK.
  • 3 Be Truthful. Don't knowingly lie about anyone or anything.
  • 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
  • 6 Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Welcome to the discussion.