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China Doesn't Want Trade Surplus With U.S.

Manufacturing.Net - November 18, 2009

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BEIJING (AP) -- China's premier has told President Barack Obama that Beijing doesn't seek a trade surplus with the U.S.

China is a huge and lucrative market for American goods and services, but exports more than it imports -- a bone of contention between the two governments.

China's Foreign Ministry says on its Web site that Premier Wen Jiabao told Obama in a meeting Wednesday that he hopes the two countries can achieve a "leveling of bilateral trade flows."

Wen said China would like Washington to lift restrictions on exports of high-tech items that could have both civilian and military use.

The ministry said he also noted that robust global trade and investment would help overcome the international financial crisis.


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Surely, no one believe's this!  11/18/2009 4:27:00 PM
Anybody that believes what Premier Jiabao says regarding bilateral trade is a fool, including the President. Yes, by all means, let the U.S. lift the restrictions on high tech items that would have use for the military. That way the Chi-Coms can use our own developed technology against us. By the way, at the same time we can cut our defense budget! Nitwits all!!
Leveling Trade (as long as its military secrets)  11/18/2009 4:35:00 PM
Oh yeah - just what we need. Sell the commies more military secrets - just like Clinton did whe he was in office. That worked out real great for us didn't it? Before that Chinese missles couldn't hit a continent with any accuracy. Now they can pinpoint your local Starbucks. Oh Yeaah - lets give them mor of our military and trade secrets so we can become the new slave class!
Do we have nothing to sell to China?  11/18/2009 5:04:00 PM
The No. 1 US product / commodity is our real estate. More foreign money bought our real estate than anything else... until the Democrats screwed it up with their Affordable House Acts under Clinton's watch.
Then simply raise the exchange rate...  11/18/2009 5:14:00 PM
The easiest way to do this is raise the Dollar-Yuan exchange rate. Since that's not what they are doing, it seems what they really want is the military-grade tech. All the better to use against us in the next war (which none of the Obamites have a clue about).
leveling bilateral trade flows  11/18/2009 5:15:00 PM
Doing this is easy: level wages. Equal costs has always resulted in equal trade. Trade secrets are a temporary fix, but two countries cannot keep secrets like that for long.
what a joke  11/18/2009 5:23:00 PM
If the Chinese *really* didn't want a trade surplus with us, THEN EQUALIZE YOUR FREAKIN CURRENCY WITH OURS !! They must really take us for fools. Or maybe Obama is one to believe this crap.
Trade surpluses in only 2 areas  11/18/2009 6:12:00 PM
One time America spent billions on a "Star Wars" program. Nothing worked, no new technology was usable in manufacturing, and the foreign debt became 5 times higher than it was ever before. That was a quarter century ago. Fast forward to today. Now me must protect our military technology because rock music and weapons sales are the only two surplus trades that America still has. Wake up and spend our efforts in bettering our manufacturing. We are losing our manufacturing battles to countries like Vietnam. We need to develop high tech and energy efficient manufacturing immediately if not sooner.
Ignorance after Experience it Pathetic  11/18/2009 6:18:00 PM
Agreeing with the above with a different personal experience. The Chinese guarantee everything & anything that they sell. When the do it means that they will "Fix It" if called back. Many manufacturers who are working with commercial products here in the USA usually send approximately 20% of parts to that product so the US reps for that product can correct it here. Instead of taking responsibility & send it back. They obviously don't want to pay freight, or incur any more costs, after they consider their deal done. The American way which has been instilled into most "True" Americans is to allow a Guarantee to stand strong to the product that is being sold. It is a salesman's gift. American's guarantee & don't usually have to worry about handling any rework or after sales problems. If they do they are surprised & concerned. These are the STRONG BASIC CULTURAL DIFFERENCES IN OUR COUNTRIES. Just look at all of the products & recourse that has taken place after trying to & exercising business with them on & in any product or business. SO NOW YOU WANT TO BELIEVE ANY POSITIVE THOUGHTS THAT ARE COMING OUT OF THEM FOR COMMERCIAL & MILITARY REASONS?? I DON'T THINK SO!!! As well the USA has made it so difficult to use the military sites for purchasing & supplying that many of these key buyers have used commercial sites for buying their military electronic components & now have been reporting with the rest of the USA & world that many are counterfeit or remarked from other products. Making a mess out of the whole thing. NO ONE IN THE WORLD IN ANY INDUSTRY LIKES REWORK. YOU SELL & MOVE A PRODUCT ONCE & THAT'S IT! IT SHOULD BE OVER IF YOU DO IT RIGHT THE WAY WE IN THE USA ARE TAUGHT. TO RECAP, IF WE STEP INTO THIS QUICKSAND HOLE THERE WILL BE NO GETTING OUT OF IT. We will all be busy fixing the Chinese mess that would be on our doorstep then!! All in All NOT A GOOD IDEA!!! LET'S STAND ON OUR OWN, WITH OUR PRIDE STILL MEANING SOMETHING!
Re. Ignorance after Experience  11/19/2009 10:09:00 AM
I wish I could understand your suggestion. Unfortunately, your writing gets in the way.
Next war with Hi Tech  11/19/2009 10:19:00 AM
Why would anyone want to battle us in the Hi tech area. What are they doing in Iraq? Hi tech road side bombs? Hi tech hit and run? Why spend millions when for a few hundred thousand you can keep our hi tech guys tied up for YEARS. Get real, no country will go head to head with us, but they will go against us in overseas countries with ambushes and guerilla tactics. Have you guys been asleep or what? We are losing men and equipment and not making much headway. Oh and George didn't do any better by the way.
We Just Don't Learn  11/19/2009 10:34:00 AM
Lifting the restrictions on high-tech and listerning to the non-answers from Premier Jiabao only reinforces my agreement with "Surely No One Believes This". We don't learn! We gave the Japanese (a past enemy) our technology, willingly and with a big smile and they started the ruination of our economy with their goods. Now they're in the same straits the U.S. is. Hey, just give it away to the ChiCom (one of my past enemies in RVN)and we will be in deeper do-do. Our economy will plummet and we become a third-world nation of fools. No wonder the world doesn't respect us, we're mone-hungry, unethical, spineless, peacenik wimps. If we stay on the path we are, we will get what we deserve -- poverty and exploitation by the Chinese. We just don't learn.
Two countries two ways on financial crisis two results  11/19/2009 11:17:00 AM
In USA, the executives who was cheating the whole country and are responsible for the global financial crisis are enjoying the dirty money. If in China, they will be executed soon. US government GAVE $800B to the BLACK-HOLE, all are gone. We civilian benefit a penny if any. If $800B can create million jobs if they are used for small business ... China invested about $800B on national infrastructures and REALLY stimute teh country's economy -- its GDP growth rate will be more than 7% this year. The surplus problem is our government, not others!
War and Terrorism  11/19/2009 3:33:00 PM
You can't "win" a war against terrorism and insurgents. However technology can destroy armies. When our technology was used against Iraq's army, we could easily fight against 10 to 1 and win. However, defeating terrorism is not fighting a war. Armies and the military are best deployed against armies and not against partisans. Back to my point and that of an earlier comment, China has seen how a much larger force faired against US military technology and they are smart enough to learn from Sadaams ruin that quantity does not equate to quality and technology in modern war. Why do you think they want it, just to reduce the trade deficit (even Obam can't be that Naieve... god help us if he is). Let's just hope our own governemnt can learn from its mistakes of trading with an enemy before its too late. Our technology may be all that keeps us as a free nation one day!


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