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US to create task force to monitor China
Global Times | January 12, 2012 00:05
By Chen Yang
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The US will create a panel to monitor and tackle possible trade and other commercial violations by China, the Wall Street Journal (WSJ) reported, a move that some Chinese experts said will increase frictions between the world’s two largest economies.

US President Barack Obama plans to create a panel, called ”Enforcement Task Force”, to enforce US trade rules and is specifically meant to target China, the WSJ cited people familiar with the matter as saying Tuesday.

The report, which was published during US Treasury Secretary Timothy Geithner’s visit to China, said Geithner would discuss the plan with Chinese leaders in Beijing.

An e-mail to the press office of the US Embassy in Beijing to confirm the news went unanswered yesterday.

Obama is expected to announce the initiative during or around his State of the Union address later this month, the WSJ said.

”The panel indicates that the Obama administration will become tougher on China this year, as China has emerged as an important issue in the US presidential election,” Shen Dingli, director of the Center for American Studies at Fudan University, told the Global Times yesterday.

Trade disputes between the US and China have mounted since last year, after the US decided to probe exports of Chinese-made solar panels, and China imposed punitive duties on large cars and sport utility vehicles exported from the US.

Shi Yinhong, director of the Centre on American Studies at Renmin University of China, told the Global Times that the panel, if established, will increase frictions between the two countries and hurt the Sino-US relationship.

”The panel is likely to gather opinions from several government agencies and blame China for the US economic problems,” Shi said. ”In this way it could increase pressure and urge China to adjust its policies such as a faster appreciation of the Chinese currency.”

Shi said China should treat conclusions made by the panel differently.

”Chinese government agencies can accept some suggestions or refute some allegations from the US based on the interest of China. The two sides can also resolve disputes through bilateral talks,” Shi said.

Shen from Fudan University said both the US and China have made some trade violations, and China should not be afraid of allegations from the panel.

”Instead, the Chinese government can cooperate with the US on some investigations, and even set up a similar panel to monitor trade and commercial violations by the US,” Shen remarked.

 


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