Despite warnings from some US lawmakers not to rush into a deal, the top US agricultural official said that the Doha round of global trade talks may “see a successful completion” by the end of the year.
Washington would like to offer a reduction in its allowable level of subsidies, but it would do this only to increase market access for its exports, Ed Schafer Read more…
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For this year, Washington has sent a “strong delegation”, including 11high-ranking officials to attend the Sino-US Strategic Economic Dialogue (SED) in China, said Daniel Sullivan, US Assistant Secretary of Stare for Economic and Business Affairs. This move speaks volumes for Obama team’s awareness of talks’ importance.
Sullivan, who participated in all the previous four SED meetings since the biannual mechanism was launched in 2006, arrived in Beijing the day before yesterday preparing for the last round talks under the Bush administration today and tomorrow.
The Bush administration has thoroughly briefed the incoming transition team of Barack Obama on the importance of the Sino-US Strategic Read more…
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The president of the United State’s Environmental Protection Agency Stephen Johnson visited Tongji University in Shanghai on 1st December, just a few days before the 5th Strategic Economic Dialogue (SED) between China and the US.
When he was asked what suggestions his ministry will make at the two-day talks at a press conference, he couched his refusal in very polite terms, saying that people Read more…
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Exports of dairy goods have stopped its pace during what usually is the best time of the year for the industry, which due to the tainted-milk food scandal.
Dairy scandal has created distrust in Chinese dairy products and other China-make food products, which decreased the export of Chinese food products seriously. According to latest General Administration of Customs (GAC) figures, only 1,036 tons of dairy products were exported in October, down 92% year-on-year. From January to September, the monthly average export of dairy products was 12,000 tons. Read more…
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The Strategic and Economic Dialogue (SED) mechanism was initiated by President Hu Jintao and his US counterpart George W. Bush in 2006. Assistant Minister of Finance Zhu Guangyao said the SED has played an important role in pushing the advancement of relations between Beijing and Washington.
This time, China will work with the new US administration on keeping the SED mechanism to strengthen bilateral ties, according to a senior Chinese financial official in Beijing. China will discuss with the Obama Read more…
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The global economy is still on the way of deteriorating, and the signs of distress mounted last Friday. Shares in the US bank Citigroup Inc are plunging; oil prices are falling and the future of US carmakers hanging in the balance.
Given the economic slowdown and turmoil in financial market, the Bank of Japan left interest rates unchanged at 0.3 percent. This shows there is a long way for recovery. Global stock reaching a Read more…
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China is being dramatically attractive to American students. Based on the data from the American Centre for Educational Exchange (ACEE), interest in China among American students increased 25.3% this year, compared with last year.
Frank Mork, educational resource coordinator of the ACEE told a press meeting in Beijing that China is emerging as an ever popular destination for American students, with numbers steadily rising over the past few years. Read more…
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Last week, the highest standards of food of imports, exports and domestic consumption have been unveiled by the government.
According to the senior officials, in order to check imports from the United States strictly, China will send food and drug quality control officials to the country—as US FDA has opened its offices in China.
The government plans to build three State-level food safety committees Read more…
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To better guarantee the safety of increasing Chinese food imports, the US Food and Drug Administration opened its first overseas office in Beijing on November 19.
“A permanent FDA presence in China will help us address the challenges presented by globalization,” FDA commissioner Andrew Von Eschebath said at the opening ceremony. They want to cooperate with the Chinese government and manufacturers to make all the FDA standards are met before the food shipment to the United States. Read more…
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Even though China is becoming the NO 1 holder of US bonds, it is still likely to continue increasing holdings of US treasury bonds because it is the best way to deploy its $1.9 trillion foreign exchange reserves, economists say.
According to US treasury data on Monday, China has taken Japan’s place to become the top holder of US treasury debt in September. Its overall holdings Read more…
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Despite warnings from some US lawmakers not to rush into a deal, the top US agricultural official said that the Doha round of global trade talks may “see a successful completion” by the end of the year.
