US firms call for Chinese reforms
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US manufacturers want a US trade delegation to call on China to open its markets and reform its currency.
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The United States has asked the  World Trade Organization to decide whether several Chinese  subsidy programs violate global trade rules after direct talks  with Beijing failed, the U.S. Trade Representative&#39;s office  said on Thursday.
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The United States urged China on Sunday  to be more transparent about its military build-up, in response  to Beijing's announcement it would boost defense spending by  17.8 percent this year.
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The U.S. textile industry petitioned the Bush administration on Tuesday for protection from what American companies fear will be a flood of Chinese products coming into this country when worldwide quotas are removed on Jan. 1.
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WASHINGTON -- Treasury Secretary Henry Paulson urged China to undertake a broad range of economic reforms and said the country's failure to overhaul its currency system could raise the threat of a protectionist backlash.
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Finance officials from the Group of Seven issued a fresh appeal to China to revalue its currency and said the United States and Europe had a shared duty to promote balanced global growth.
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Many foreign firms investing in China are to lose tax benefits under reforms proposed by the government.
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A top U.S. commerce official said he told China to expect American textile makers to seek new limits on Chinese imports as soon as next week, as he also urged Beijing to do more to stop piracy and lower trade barriers.
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Treasury Secretary Henry Paulson urged China to undertake a broad range of economic reforms and said the country's failure to overhaul its currency system could raise the threat of a protectionist backlash.
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A group of industry, farm and labor groups, seeking to put pressure on the Bush administration before the presidential election, petitioned the government on Thursday to file an unfair trade practices case against China.
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China needs to effectively address its product safety problems, a US lawmaker said yesterday as the country launched a campaign to weed out unqualified manufacturers amid a global recall of Chinese-made toys.
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U.S. lawmakers stepped up pressure on  China to boost the value of its currency as high-level talks  aimed at persuading the country to quicken economic reforms  moved toward a conclusion on Friday.
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In advance of sending a high-level U.S. delegation to Beijing, the Bush administration on Friday said China must move faster on reforms addressing America's soaring trade deficit or run the risk of a protectionist backlash.
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The House of Representatives urged  China on Wednesday to open its market to more U.S. banks,  insurance companies and other financial services, and demanded  the White House push Beijing harder on the issue.
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The Bush administration, under  pressure from Congress to be tougher on trade, will seek to  eliminate Chinese government subsidies for steel, computers,  clothing and many other industries in a case launched on Friday  at the World Trade Organization.
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China must step up the pace of economic  reforms because the rest of the world is growing impatient for  it to do so, U.S. Treasury Secretary Henry Paulson said on  Thursday.
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The United States Trade Representative's office on Thursday sent out letters to key American business establishments seeking feedback on China's commitments to crack down on copyright piracy.