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US should open market further
By Wang Yanlin |
November 15, 2011, Tuesday
|
Print Edition
Print Edition
THE United States should open more of its market to Chinese companies and stop politicizing investment from China, the Ministry of Foreign Affairs said yesterday.
Ministry spokesman Liu Weimin said at a press briefing in Beijing that the US should take practical measures such as easing restrictions on high-tech exports to China.
"The act of politicizing Chinese investments in the US is not beneficial for attracting investment and creating jobs," Liu said.
He made the remarks after Chinese President Hu Jintao expressed explicitly that China wished for better cooperation with the US.
At the Asia-Pacific Economic Cooperation summit in Hawaii, Hu told US President Barack Obama that strengthening cooperation was the sole right choice China and the US should take.
The Chinese president also urged the US to relax high-tech export controls on China and offer convenience for Chinese companies that invest in the US.
The US has pinned hopes on exports and foreign investment to boost its faltering economy.
But it still imposes stringent and unreasonable restrictions on exports to China and investments from China. Citing a threat to its national security, the US government blocked a Chinese company from setting up a bolt manufacturing plant there.
Ministry spokesman Liu Weimin said at a press briefing in Beijing that the US should take practical measures such as easing restrictions on high-tech exports to China.
"The act of politicizing Chinese investments in the US is not beneficial for attracting investment and creating jobs," Liu said.
He made the remarks after Chinese President Hu Jintao expressed explicitly that China wished for better cooperation with the US.
At the Asia-Pacific Economic Cooperation summit in Hawaii, Hu told US President Barack Obama that strengthening cooperation was the sole right choice China and the US should take.
The Chinese president also urged the US to relax high-tech export controls on China and offer convenience for Chinese companies that invest in the US.
The US has pinned hopes on exports and foreign investment to boost its faltering economy.
But it still imposes stringent and unreasonable restrictions on exports to China and investments from China. Citing a threat to its national security, the US government blocked a Chinese company from setting up a bolt manufacturing plant there.
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