Renewal of Normal Trade Relations with China: Hearing Before the Committee on Finance, United States Senate, One Hundred Fifth Congress, First Session, June 10, 1997, Volume 4U.S. Government Printing Office, 1999 - 131 pages |
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Common terms and phrases
AAEI agreements Ambassador BARSHEFSKY American Amnesty International areas Asia Beijing bilateral billion Chairman child policy China's MFN status Chindex Chinese government Chinese market Chinese society Christians commercial Committee Communist concern Confucian continue countries culture Daoism debate democracy dissidents dynamics dynasty engagement with China exports to China Favored Nation foreign policy freedom Hong Kong human rights important industry investment issues Kong's labor leaders market access MFN revocation MFN trade military negotiations normal trade relations normal trading relationship North Korea official Overseas Chinese People's political President Clinton relations with China relationship with China religious renewal Revoking MFN rule of law Secretary ALBRIGHT Senator MOYNIHAN Shanxi status for China strategic Sun Yatsen support MFN Taiwan Thank Tiananmen Square tion Torjesen trade deficit U.S. companies U.S. exports U.S. interests U.S. SENATOR U.S. trade United Wang Dan Wei Jingsheng
Popular passages
Page 127 - I believe that the desire and the motive for large and mighty empires, for gigantic armies and great navies, for those materials which are used for the destruction of life, and the desolation of the rewards of labour, will die away.
Page 122 - The Business Roundtable is an association of business executives who examine public issues that affect the economy and develop positions which seek to reflect sound economic and social principles.
Page 49 - It is the fastest growing major economy in the world, with growth rates averaging more than 10 percent in recent years. Already possessing the world's largest population, by early in the next century, China may have the world's largest economy. Today, China is the world's tenth largest trading nation and the United States' fifth largest trading partner.
Page 48 - Engagement with China does not mean ignoring our differences. It means actively engaging China to resolve our differences and it means protecting our interests when consultations do not produce results. The vote on MFN is a vote on how best to protect our interests. It is not an endorsement of China's policies. It poses, though, a choice between engaging China and making progress on issues that Americans care about or isolating ourselves from China by severing our economic and, in turn, our political...
Page 45 - ... resolution of the Taiwan issue. Tensions in the Strait have subsided since our action, and, for the first time, some direct commercial shipping has recently opened between Taiwan and the mainland. In the environmental field, our two governments have increased cooperation by establishing the US -China Environment and Development Forum. Vice President Gore inaugurated the Forum during his recent visit to China. The Forum has set an ambitious agenda for collaboration in four areas: energy policy,...
Page 64 - Thousands of people have been detained on average each year for 'shelter and investigation' since the early 1980s. 'Reeducation through labor', imposed by local government committees without charge or trial, was increasingly used to arbitrarily detain dissidents for up to three years in labor camps. Wang Donghai and Chen Longde, two pro-democracy activists from Zhejiang province were detained in May 1996 after issuing a petition calling for the release of political prisoners. Similarly Liu Xiaobo,...
Page 55 - Government estimates that revocation would slash trade by $20-30 billion, eliminate 60,000-85,000 jobs, cut its economic growth rate by over 50%, and reduce incomes by $4 billion. Hong Kong's economic strength is one of its chief assets in ensuring its autonomy from Beijing. As Martin Lee recently said, "If the United States is concerned about the handover, then the best thing is to assure the community by making sure nothing dramatic happens to Hong Kong. The (Hong Kong) Democratic Party has always...
Page 119 - In the short-term, they would incur significant losses on merchandise already contracted for sale at a specific price, but not yet delivered Payment for these orders are often guaranteed by irrevocable letters of credit If duty rates increased from Column 1 to Column 2 levels before Customs clearance, these companies would be required to absorb the increases or pass...
Page 47 - If the United States is concerned about the handover, then the best thing is to assure the community by making sure nothing dramatic happens to Hong Kong. The (Hong Kong) Democratic Party has always strongly supported renewal of MFN for China unconditionally. We have never changed from that position.
Page 43 - ... opportunity — or challenge — in US foreign policy today than to encourage China's integration as a fully responsible member of the international system. President Clinton's decision to extend most-favored-nation or normal trade relations with China reflects our commitment to this goal. At the same time, the Administration fully shares many of the concerns expressed in Congress and elsewhere about some Chinese policies and practices. Principled criticism of Chinese actions that offend our...