China's Wu pushes back after U.S. trade demands
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President George W. Bush and U.S. lawmakers on Thursday pressed China for more action to cut its trade surplus but Vice Premier Wu Yi pushed back, saying the Chinese currency was not the main reason for the gap and that Washington should ease high-tech export curbs.
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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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BEIJING, Dec. 14 -- U.S. and Chinese officials clashed publicly on the opening day of strategic economic talks, with Treasury Secretary Henry M. Paulson Jr. pushing China to revalue its currency while Chinese Vice Premier Wu Yi said that Americans do not have a full understanding of the situation.
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China will buy more American-made products and crack down harder on people who steal intellectual property, a Foreign Ministry spokeswoman said yesterday amid growing discontent in the United States over a soaring trade deficit with Beijing.
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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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China on Monday exercised its right to temporarily block a World Trade Organisation (WTO) investigation into Chinese rules affecting the sale of U.S. films, music, books, magazines and newspapers, diplomats said.
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Retailers in the United States on Wednesday protested a request by the countryÂ¡Â¯s textile producers for protection from a potential flood of Chinese products when quotas are lifted at the end of this year.
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Beijing this weekend urged Washington, DC, not to limit imports of Chinese cotton slacks. The Ministry of Commerce said such a restriction would violate World Trade Organization principles and hurt trade relations.
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US President George W. Bush's administration rejected a call by US lawmakers to take China to the World Trade Organization for &quot;currency manipulation.&quot;
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China on Monday blocked a US request for the World Trade Organisation (WTO) to rule on a complaint that Beijing restricts the import of cultural goods such as books, music and DVDs.
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Groups monitoring trade in endangered species on Tuesday urged China to resist pressures to ease its ban on commerce in tiger parts, saying its tough restrictions had helped the great feline to survive.
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China on Monday emphasized its determination to keep its currency stable despite ongoing pressure from the United States.
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WASHINGTON -- The Bush administration, under pressure from a Democratic-controlled Congress to do something about America's soaring trade deficit, filed a trade case Friday against China in a dispute involving government subsidies.
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The United States sees potentially escalating trade friction with China next year as Beijing is stepping up restrictions on foreign investment and recent U.S. Congressional elections create uncertainty, a U.S. trade official said on Friday.
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The move is expected to dampen prospects for companies that have focused on taking advantage of the Chinese market.
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Officials say the country will move away from peg of 8.28 yuan to the dollar amid US pressure. WASHINGTON  - Chinese officials reiterated that the country would move toward a flexible foreign exchange
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China&#39;s new leader is forging ahead with policies set by Jiang, but trouble with Taiwan looms. BEIJING--Having taken over Sunday as chairman of the ruling Communist Party&#39;s