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Wang Qishan Urges the United States to Ensure the Security of Chinese Assets in the United States(07/30/09)

On July 28, 2009, Vice Premier Wang Qishan of the State Council of China urged the United States to ensure the security of Chinese assets in the United States and recognize China's market economy status as early as possible.

Wang Qishan said at the second-day economic track of the China-U.S. Strategic and Economic Dialogue that in face of the present difficult times, China and the United States should further help each other tide over the crisis and maintain the development momentum of bilateral trade and investment. China will make efforts to expand imports from the United States and China also expects the United States to relax the restrictions on the high-tech exports to China.

Wang said the two sides should actively advance negotiations on an accord for the protection of bilateral investment and China hopes that the United States treats Chinese-invested enterprises in the United States equally and ensures the security of Chinese assets in the United States. China also believes that the U.S. should recognize China's market economy status as early as possible.

Wang also pointed out that the United States, as the world's major reserve currency issuing country, should properly handle and balance the impact of U.S. dollar issuance on the U.S. domestic economy and the global economy. He proposed that the two sides not to introduce trade protectionism policies and measures on the conditions of complying with the rules of the World Trade Organization.

 


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