Bryson's visit to China continued today in Beijing where he started the morning
with a breakfast with U.S. and Chinese CEOs. The breakfast was led
by Secretary Clinton and Secretary Geithner, with United States Trade
Representative Ron Kirk and Ambassador Gary Locke also joining. The group
discussed the importance of the U.S - China economic relationship and what can
be done to continue the growth of trade and investment between both
countries. Bilateral trade between the U.S. and China reached
over $500 billion last year, with U.S. merchandise exports reaching
$100 billion for the first time.
Secretary's day continued as he joined Secretary Clinton and Secretary
Geithner for separate meetings with Chinese President Hu Jintao and Premier Wen
Jiabao. Bryson then joined Ambassador Kirk for lunch with their Chinese
counterpart, Minister of Commerce Chen Deming.
the S&ED, Bryson has stressed the importance of the U.S. - China
economic relationship and how it is critical that both sides follow
through on commitments made not just at this S&ED, but at
prior and future talks. Or as Bryson put it, "we must work harder... we
must be bold... and we must follow through."
the government meetings, Ambassador Kirk and Secretary Bryson participated
in an event with the American Chamber of Commerce in China and the U.S. China
Business Council. There Kirk and Bryson heard straight from U.S.
business leaders doing business here in China. They
discussed opportunities, challenges, and what the U.S. government can do
to support increased exports from the United States to China.
Secretary John Bryson spent his last day in China in the financial capital of Shanghai. He began his day with a group of American business leaders based in China. The leaders, members of American Chamber of Commerce in Shanghai and the U.S.-China Business Council, exchanged ideas and shared information about the opportunities and challenges of day to day business operations in China. As Secretary Bryson said to the group, our bilateral trade with China reached over $500 billion last year, with U.S. merchandise exports reaching $100 billion for the first time. However, with a trade deficit close to $300 billion, we still have a lot of work to do.The Secretary then gave remarks at a tourism event, highlighting the robust and growing travel of Chinese tourists to the United States. In his remarks, Secretary Bryson pointed out that "travel and tourism between our countries is crucial to building stronger cultural and economic ties. This generates greater understanding and friendship between our people. And yes, it also generates greater prosperity."
I'm here today:
G2 at GW 2013:
Conference on China's Economic Development and U.S.-China Economic Relationship
Friday, November 8, 2013
Beginning at 8:45 am
Lindner Commons, Suite 602
Elliott School of International Affairs
1957 E St., NW
Washington, D.C. 20052
To RSVP Click Here
Individual Global Investor submits:Trade figures out of the United States and Canada today confirm that the global recovery is slowly moving forward. Looking at the trade of physical goods is one of the best measures of economic momentum. In my look at these figures last month, the story was of robust German trade in November.
Submitted by Zachary Zeck via The Diplomat, “There is a low level of strategic trust between the United States and China, which could make bilateral relations more turbulent,” warned a recent report jointly issued by the Carnegie Endowment for International Peace and the Beijing-based China Strategic Culture Promotion Association (CSCPA).
In considering the security situation in Northeast Asia, it's sometimes useful to imagine the region's players as schoolboys playing in a courtyard. North Korea, bellicose and unpredictable, misbehaves and threatens the others. An outraged Japan, South Korea, and the United States then turn to China and say, "Well? He's your friend!"
week, Commerce Secretary Gary Locke will convene the 21st annual U.S.-China
Joint Commission on Commerce and Trade (JCCT), which is our most important
bilateral dialogue for resolving trade and investment issues between the two
help set the stage for this meeting, Secretary Locke recently convened a
full-day policy conference at Georgetown
University exploring the
U.S.-China Commercial relationship -- with most discussion panels focusing on finding
ways to resolve the trade disputes that animate so much of the coverage of U.S.-China
is an important discussion. China is the United States’ second-largest
trading partner, with our bilateral trade in goods alone amounting to $365
billion last year. Moreover, China
and the U.S.
are currently partnering to find solutions to some of the world's most pressing
problems, including climate change and energy security.
that reason, Secretary Locke made clear that the U.S.
government welcomed continued strong growth in China
as a way for China
to improve the well-being of its citizens. As more and more Chinese move into
the middle class, they will want world-class, American-made goods and that will
mean more jobs here in the U.S.
as our companies work to meet that demand.