Inside US-China Trade

Export Credit Pact Sought By U.S., China Would Replace OECD Guidelines, Official Says

The agreement announced last week by the United States and China to pursue a common set of international guidelines on official export financing by 2014 is aimed at creating a new framework that would ultimately replace the export credit arrangement that currently exists between members of the Organization for Economic Cooperation and Development (OECD), according to a Treasury Department official.1041 words

Expert Witnesses Identify U.S. Policy Options To Combat SOE Advantages

The United States should review its antitrust rules, unfair trade laws, Securities and Exchange Commission (SEC) reporting requirements and inbound foreign investment reviews to identify new ways of combating the competitive challenges from Chinese state-owned enterprises (SOEs), which are increasingly seeking to invest in the U.S. market, witnesses testified to the U.S.-China Economic and Security Review Commission last week.1326 words

Experts: State-Led Chinese Economic Model May Be Sustainable For Decades

China's state-dominated economic model is surprisingly resilient and is unlikely to stagnate in the near term because of bureaucratic mismanagement and the inefficient allocation of resources inherent to state-owned enterprises (SOEs) that follow governmental policy directives instead of market signals, economic analysts told the U.S.-China Economic and Security Review Commission in a Feb. 15 hearing.436 words

U.S., China Reach Audiovisual Deal To Boost U.S. Film Exports At End Of Xi Visit

The U.S. and China late last week struck a deal that expands the number of foreign films that can be imported annually into China, boosts the amount of Chinese box office revenue that studios can receive and strengthens the ability of private firms to distribute foreign films, according to U.S. government and private-sector announcements.992 words

News Briefs

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U.S. Commits To Timely Processing Of VEU Authority, Export Control Licenses

The United States committed to process a Chinese state-owned aircraft company's application for Validated End-User (VEU) authorization in a "timely manner," among other commitments made during Chinese Vice President Xi Jinping's visit last week.988 words

Staff Makes Progress In GPX Talks, Bill To Be Introduced After Recess

Staff for the chairmen and ranking members of the congressional trade committees continued their discussions last week on the development of GPX legislation, and sources mid-week said they were making good progress and nearing the end of their technical-level talks on the shape of that bill.798 words

Biden Cites Areas Of Progress, Further Work, After China VP Sessions

After holding a series of high-level meetings with China's presumed future leader, U.S. Vice President Joe Biden last week claimed progress had been achieved on a number of sensitive U.S. economic priorities, but warned that further work is needed on other key trade irritants flagged by the U.S.1196 words

Obama Unveils New Measures Designed To Boost Manufacturing, Exports

President Obama last week announced a new push to reauthorize the Export-Import Bank; match unfair export financing offered by other countries such as China; and use administrative powers to streamline and coordinate inter-agency trade efforts as part of a new campaign aimed at promoting manufacturing and boosting U.S. exports.1073 words

U.S.-China Agriculture Plan Contains No Specifics On Beef, Biotechnology

An eight-page agreement signed last week by U.S. Agriculture Secretary Tom Vilsack and Chinese Agriculture Minister Han Changfu that is meant to guide the two countries' bilateral cooperation on agriculture issues for the next five years contains no specific language that would resolve outstanding disputes over beef and biotechnology.852 words