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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (93368)	1/12/2005 10:54:08 AM
From: epicure	Respond to of 108807

China wants it to be even easier to capture Us markets- well why wouldn't they?: Evans Gets Chilly Reception in Beijing By THE ASSOCIATED PRESS Published: January 12, 2005 Filed at 9:58 a.m. ET BEIJING (AP) -- China's commerce minister told outgoing Secretary of Commerce Donald Evans on Wednesday that the American's four-year tenure has been only 70 percent successful. The minister also said he regrets that Washington hasn't granted China a trade status that would lessen scrutiny of Chinese export prices. The pointed comments came as Evans, who is due to leave office shortly, began a three-day visit aimed at pressing China to do more to stop rampant product piracy. ``Judging from the view of friends and judging from the achievements of your work, I should say that 70 percent of what you have done has been pretty good,'' said Commerce Minister Bo Xilai. A visibly uncomfortable Evans responded with surprise. ``Oh, hey, that's almost flunking,'' he said. ``That's almost failure.'' Later, Evans told The Associated Press that Bo meant the comment as praise. ``You know, his answer to me was that Deng Xiaoping only gave himself a grade of 70 percent, so he said he was complimenting me on a job well done,'' Evans said. Deng was considered China's paramount leader until his death in 1997. Bo also expressed regret at Washington's decision not to grant China market economy status during Evans' term in office. Such a designation would make it harder for American companies to win claims that Chinese competitors are setting unfairly low prices on goods sold in U.S. market. Bo said the designation would show that the United States is ``willing to promote its trade with China on a free and fair footing.'' ``I say it's regrettable too,'' Evans said. ``But it's his problem, it's not my problem. ... I wish they were a market economy, but they haven't done enough of the reforms yet that would qualify them for market economy status.'' Evans said in a speech to business leaders at the American Chamber of Commerce that countries seeking such the designation ``must end government intervention and allow market forces to drive their economies.'' He also said China needed to do more overall to push the bilateral relationship forward. ``When Chinese leaders fail to produce results on points of friction and our trading relationship, their failure only empowers those critics within the U.S. political system who seek to roll back the level of economic engagement,'' Evans said. He cited the ``skewing effect'' that China's fixed rate currency has on fair competition as one of the major complaints of U.S. companies and officials. The Bush administration will continue to urge Beijing to adopt a flexible, market-based exchange rate, Evans said. China has fixed the exchange rate of the yuan at about 8.28 to the dollar for a decade. Critics argue that the yuan is undervalued by up to 40 percent, making China's exports cheaper and giving its manufacturers an unfair advantage. A report by the Economic Policy Institute, a Washington-based think tank released Tuesday concluded that the rise in the U.S. trade deficit with China from 1989 to 2003 cost 1.5 million Americans their jobs. The report found that 199,000 new jobs were created by the growth in trade with China. But the number of jobs lost -- 1.7 million -- resulted in a net loss to American workers, it said. The report was prepared for the U.S.-China Economic and Security Review Commission, a panel appointed by the U.S. Congress. Evans was also to attend an intellectual property rights round-table. The administration of President Bush wants stiff prison sentences for property rights offenders and other ``tough criminal actions against those responsible for the thefts,'' he said. U.S. officials say such piracy costs companies worldwide as much as $50 billion a year in lost sales and have threatened China with possible sanctions. Despite recent crackdowns, knockoffs of everything from medicines to DVDs are still readily available at a fraction of the original prices in China. Carlos Gutierrez, head of U.S. cereal giant Kellogg Co., is the president's nominee to replace Evans. He is awaiting Senate approval to take over the office.