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China driving US exports

China driving US exports

Updated: 2012-03-30 07:27

By Zhang Yuwei in New York and Li Jiabao in Beijing (China Daily)

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In 2010, US President Barack Obama introduced the National Export Initiative, a plan to double US exports by 2014. Meeting that goal will require exports to increase by at least 15 percent a year on average for five years.

Among markets that receive large amounts of US exports, China is the only one in which they have increased by more than 15 percent a year since 2000, the report said.

Last year in China, the demand for US exports was the greatest for crops, computers, electronics, chemicals and transport equipment.

"American companies from every corner of the nation are exporting high-value computers, electronics, agricultural products, chemicals, transportation equipment and machinery to an expanding marketplace in China," Ennis said.

Wang said US high-tech products have certain advantages and the country should make good on its promise to loosen the restrictions on the export of such products.

"To get more US exports coming into China, both countries should cultivate two promising export categories in the future: services, including technology trade and the transfers of patents, and high-tech products, including high-end manufacturing exports," he said.

Gary Locke, the US ambassador to China, said last week that the US is "in the midst of a major reform and simplification that will enable more high-tech goods to be exported to China".

Shen Danyang, spokesman for the Ministry of Commerce, said on Saturday that China has not yet seen any real steps taken by the US to loosen export restraints on high-tech products.

Last year, China bought more US agricultural products than any other market in the world, importing about $20 billion worth of them, according to the US Department of Agriculture.

Vice-President Xi Jinping's visit to Iowa in February strengthened agricultural ties between the two countries. Xi's travels brought him to a corn and soybean farm - the Kimberley Farm - a trip that was welcomed by various local farmers.

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