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Ministry: U.S. hurts self with export controls

Liu Weimin, Foreign Ministry spokesman at a daily briefing in Beijing on Monday.
 Edited and translated by Li Zhenyu, People`s Daily Online

Beijing, Nov.16 (People`s Daily Online) -- The United States will lose nearly 100 billion U.S. dollars due to its restrictions on exports to China, said Foreign Ministry spokesman Liu Weimin at a daily briefing in Beijing on Monday.

Liu said that China is willing to expand imports from the United States and promote a bilateral trade balance, yet the latter continues to limit the export of many products to China.

"The investment of Chinese companies in the United States has brought many job opportunities to the American people," said Liu. "Moreover, politicizing issues of investment and trade does not help the United States to attract investment and create jobs."

He said the United States should loosen its limitations on high-tech exports to China as soon as possible and facilitate investment by Chinese enterprises in the United States.

Date:2011-11-16 16:55:42     
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