Chinese Vice Premier Wu Yi told a meeting of US business leaders in Washington that she was extremely worried over rising US trade protectionism, which she said included unfair treatment of Chinese goods. Wu also urged the US to lift its export controls on high-tech goods, saying �to increase American exports to China requires more […]
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China, US sign trade agreements
Officials from China and the US concluded the 15th session of the China-US Joint Commission on Commerce and Trade (JCCT) by signing eight documents aimed at improving economic and trade ties between the two countries. The two sides also agreed to establish six working groups within the JCCT framework to focus on China's market economy […]
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SARS case suspected in Beijing
Beijing reported a suspected case of severe acute respiratory syndrome (SARS) which resulted in the hospitalization of the 20-year-old nurse suspected of being infected with the virus and the quarantine of five people who had been in contact with her and were beginning to show some SARS symptoms. Chinese media reported that a total of […]
The administrator in charge of China's foreign exchange reserves said that China was planning to make its exchange rate system more flexible, permitting greater freedom for the renminbi to fluctuate against a basket of foreign currencies. Guo Shuqing, head of the State Administration of Foreign Exchange and deputy governor of China's central bank, told the […]
A US State Department official stated that Washington's efforts to prevent the mainland from using military force against Taiwan were threatened by the island's behavior. US Assistant Secretary of State James Kelly said that attempts to deter Beijing from resorting to military action against Taiwan could fail if Beijing were to believe Taiwan was moving […]