Wen says China doesn’t seek trade surplus with US, wants limits on high-tech exports lifted
By APWednesday, November 18, 2009
Wen says China doesn’t seek trade surplus with US
BEIJING — China’s premier has told President Barack Obama that Beijing doesn’t seek a trade surplus with the U.S.
China is a huge and lucrative market for American goods and services, but exports more than it imports — a bone of contention between the two governments.
China’s Foreign Ministry says on its Web site that Premier Wen Jiabao told Obama in a meeting Wednesday that he hopes the two countries can achieve a “leveling of bilateral trade flows.”
Wen said China would like Washington to lift restrictions on exports of high-tech items that could have both civilian and military use.
The ministry said he also noted that robust global trade and investment would help overcome the international financial crisis.
