US official outlines top China issues
HONG KONG - U.S. Commerce Secretary Wilbur Ross said on yesterday the U.S. relationship with China was too lopsided and listed market access, protectionism and intellectual property as the biggest problems amid trade tensions between the two countries.
Ross said both sides were frank and open, and articulated good points of view during his trip to Beijing, which was a good sign, although neither made concessions. “The most important thing to push for with China is better market access for companies operating there physically and for companies exporting there,” Ross said. “Ranking equal with that would be less protectionist behaviour.”
The U.S. Commerce Department said in a statement on Tuesday that Ross had pressed China on the “need to rebalance bilateral trade and investment relations” and urged it to take “meaningful action” on trade issues.
China’s relationship with the United States has been strained by the Trump administration’s criticism of China’s trade practices and by demands that Beijing do more to pressure North Korea to halt its nuclear weapons and missile programmes.
Ross, speaking to reporters in Hong Kong two days after his visit to Beijing, also said overcapacity was still a big issue in some sectors and highlighted new industries such as robotics as potential threats.