Bo: US proposed tariff bill 'destructive' to trade
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Commerce Minister Bo Xilai answers questions at a joint1 press conference with Zhou Xiaochuan, governor of the People's Bank of China or the central bank, on China's trade and monetary2 policy in the Great Hall of the People March 12, 2007.
 
Mar3.12 - The trade between China and the United States is basically balanced and mutually beneficial, with the surplus going to the Chinese and the profits flowing to the Americans, said Commerce Minister Bo Xilai Monday.

 

The total sales of US-funded enterprises in China and their exports, using China as a base, to other parts of the world stood at US$110 billion, said Bo on the sidelines of the annual session of China's parliament.

 

Combining this figure with America's surplus in service trade and deficit5 in goods trade, one can find that the trade between the two countries is balanced, noted6 the minister.

 

He pointed7 out that the bilateral8 trade is mutually beneficial, with the surplus going to the world's fastest growing major economy and the profits flowing to the world's most powerful nation.

 

"Only because of mutual4 benefit could the Sino-US trade be going smoothly9, expanding all the way and doing better and better," said Bo.

 

"The US traders are wise and we have no grounds for suspicion. They will not do business with China if they can not make profits," Bo said.

 

Bo reiterated10 the country's opposition11 to a 27.5 punitive12 tariff13 proposed by some US lawmakers on all Chinese exports.

 

"If the proposal goes forward, it will be destructive to the current bilateral trade which is developing healthily, as well as disastrous14 news to both countries' enterprises that have achieved double-win in the relationship," said he.

 

The minister believed the slap of the tariff, if passed, is out of line with WTO rules.

 

"If such a policy is enforced, it is not only trade protectionism, but also trade hegemony," noted Bo.

 

Doha round of talks

 

On the increasing trade frictions15 between China and major trading partners, especially the US and EU, Bo said he hoped that most of the problems could be solved through talks. But China will also respect the related parties' choice to turn to the WTO mechanism16.

 

Bo pledged to make active contributions to the Doha round of talks which hit snags due to developed countries' reluctance17 to reduce agricultural subsidies18 and tariff.

 

China has done a lot for the WTO multilateral mechanism, said Bo. China's overall tariff level stands at 9.9 per cent, compared with the world's average of 39 per cent; China's tariff on non-agricultural products is 9 per cent while the world's average is 29 per cent; China levies19 15 per cent for agricultural imports while the world collects an average of 60 per cent, elaborated he.

 

On China's opening of service trade which is often criticized by the western countries, the minister revealed that China has opened up 100 of the 160 categories specified20 by the WTO rules, 46 more than the average of 54 for developing economies. "The US has opened just one more than US. Therefore, China has shown a lot of courage."

 

Central bank vows21 to fight inflation

 

Central bank governor Zhou Xiaochuan pledged to contain inflation at the joint press conference with Bo to ensure that the purchasing power the Chinese do not decrease.

 

"For the central bank, the importance of this can not be overemphasized, " said Zhou.

 

The country's consumer price index might have grown 2.8 per cent in January, according to a poll of 21 economists22 by Bloomberg News. The projected growth is just slightly lower than the 3 per cent annual target of the central bank, fueling speculations23 that Zhou's administration will increase the interest rate.

 



点击收听单词发音收听单词发音  

1 joint m3lx4     
adj.联合的,共同的;n.关节,接合处;v.连接,贴合
参考例句:
  • I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤,肩膀脫臼了。
  • We wrote a letter in joint names.我们联名写了封信。
2 monetary pEkxb     
adj.货币的,钱的;通货的;金融的;财政的
参考例句:
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
3 mar f7Kzq     
vt.破坏,毁坏,弄糟
参考例句:
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
4 mutual eFOxC     
adj.相互的,彼此的;共同的,共有的
参考例句:
  • We must pull together for mutual interest.我们必须为相互的利益而通力合作。
  • Mutual interests tied us together.相互的利害关系把我们联系在一起。
5 deficit tmAzu     
n.亏空,亏损;赤字,逆差
参考例句:
  • The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
  • We have a great deficit this year.我们今年有很大亏损。
6 noted 5n4zXc     
adj.著名的,知名的
参考例句:
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
7 pointed Il8zB4     
adj.尖的,直截了当的
参考例句:
  • He gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
  • She wished to show Mrs.John Dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。
8 bilateral dQGyW     
adj.双方的,两边的,两侧的
参考例句:
  • They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
  • There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题,两位政治家各自所持的看法差距甚大。
9 smoothly iiUzLG     
adv.平滑地,顺利地,流利地,流畅地
参考例句:
  • The workmen are very cooperative,so the work goes on smoothly.工人们十分合作,所以工作进展顺利。
  • Just change one or two words and the sentence will read smoothly.这句话只要动一两个字就顺了。
10 reiterated d9580be532fe69f8451c32061126606b     
反复地说,重申( reiterate的过去式和过去分词 )
参考例句:
  • "Well, I want to know about it,'she reiterated. “嗯,我一定要知道你的休假日期,"她重复说。 来自英汉文学 - 嘉莉妹妹
  • Some twenty-two years later President Polk reiterated and elaborated upon these principles. 大约二十二年之后,波尔克总统重申这些原则并且刻意阐释一番。
11 opposition eIUxU     
n.反对,敌对
参考例句:
  • The party leader is facing opposition in his own backyard.该党领袖在自己的党內遇到了反对。
  • The police tried to break down the prisoner's opposition.警察设法制住了那个囚犯的反抗。
12 punitive utey6     
adj.惩罚的,刑罚的
参考例句:
  • They took punitive measures against the whole gang.他们对整帮人采取惩罚性措施。
  • The punitive tariff was imposed to discourage tire imports from China.该惩罚性关税的征收是用以限制中国轮胎进口的措施。
13 tariff mqwwG     
n.关税,税率;(旅馆、饭店等)价目表,收费表
参考例句:
  • There is a very high tariff on jewelry.宝石类的关税率很高。
  • The government is going to lower the tariff on importing cars.政府打算降低进口汽车的关税。
14 disastrous 2ujx0     
adj.灾难性的,造成灾害的;极坏的,很糟的
参考例句:
  • The heavy rainstorm caused a disastrous flood.暴雨成灾。
  • Her investment had disastrous consequences.She lost everything she owned.她的投资结果很惨,血本无归。
15 frictions c3b12b9aeb795425cb3a97ab92bf2232     
n.摩擦( friction的名词复数 );摩擦力;冲突;不和
参考例句:
  • Family frictions can interfere with a child's schoolwork. 家庭中的争吵会影响孩子的学业。 来自《简明英汉词典》
  • As far as we are concerned, these frictions are not of our own making [have been imposed on us]. 就我们来说,这种摩擦是被动式的。 来自《现代汉英综合大词典》
16 mechanism zCWxr     
n.机械装置;机构,结构
参考例句:
  • The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
  • The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。
17 reluctance 8VRx8     
n.厌恶,讨厌,勉强,不情愿
参考例句:
  • The police released Andrew with reluctance.警方勉强把安德鲁放走了。
  • He showed the greatest reluctance to make a reply.他表示很不愿意答复。
18 subsidies 84c7dc8329c19e43d3437248757e572c     
n.补贴,津贴,补助金( subsidy的名词复数 )
参考例句:
  • European agriculture ministers failed to break the deadlock over farm subsidies. 欧洲各国农业部长在农业补贴问题上未能打破僵局。
  • Agricultural subsidies absorb about half the EU's income. 农业补贴占去了欧盟收入的大约一半。 来自《简明英汉词典》
19 levies 2ac53e2c8d44bb62d35d55dd4dbb08b1     
(部队)征兵( levy的名词复数 ); 募捐; 被征募的军队
参考例句:
  • At that time, taxes and levies were as many as the hairs on an ox. 那时,苛捐杂税多如牛毛。
  • Variable levies can insulate farmers and consumers from world markets. 差价进口税可以把农民和消费者与世界市场隔离开来。
20 specified ZhezwZ     
adj.特定的
参考例句:
  • The architect specified oak for the wood trim. 那位建筑师指定用橡木做木饰条。
  • It is generated by some specified means. 这是由某些未加说明的方法产生的。
21 vows c151b5e18ba22514580d36a5dcb013e5     
誓言( vow的名词复数 ); 郑重宣布,许愿
参考例句:
  • Matrimonial vows are to show the faithfulness of the new couple. 婚誓体现了新婚夫妇对婚姻的忠诚。
  • The nun took strait vows. 那位修女立下严格的誓愿。
22 economists 2ba0a36f92d9c37ef31cc751bca1a748     
n.经济学家,经济专家( economist的名词复数 )
参考例句:
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
23 speculations da17a00acfa088f5ac0adab7a30990eb     
n.投机买卖( speculation的名词复数 );思考;投机活动;推断
参考例句:
  • Your speculations were all quite close to the truth. 你的揣测都很接近于事实。 来自《现代英汉综合大词典》
  • This possibility gives rise to interesting speculations. 这种可能性引起了有趣的推测。 来自《用法词典》
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