Vice Premier Wu Yi
Monday rebuked the United States for unilaterally limiting textile
imports from China.
Disputes, she said, should be settled within the World Trade
Organization (WTO) framework.
Wu's comments came days after the country's 10-hour negotiations
with the European Union (EU) hammered out an agreement and averted
a textile trade war.
Making the remarks at the 2005 Pacific Basin
Economic Council (PBEC) International General Meeting in Hong Kong, Wu lashed
out at recent US moves to impose unilateral limitations on Chinese
textile imports.
Addressing her speech to hundreds of business leaders in the
region, Wu said: "The setting of unilateral restrictions on some
Chinese textile products by the US has impaired the rights of
mainland enterprises."
Wu said the China-EU deal was proof that trade rows can be
resolved on the principles of equality, mutual benefit and
respect.
On Saturday, China and the EU reached an agreement on the annual
growth of 10 categories of exports to the European market.
China is working to meet WTO trade regulations by developing a
more open and dynamic economic system, she said.
She said China would ensure a balance between economic growth
and the sustainability of human and natural resources.
China will step up exploration of coal, oil, natural gas and
nuclear power as well as other new energy resources.
The vice premier also mapped out five-point principles to call
on the countries in the Asia-Pacific region to join hands in
working toward world peace and development.
(China Daily June 14, 2005)