Clinton promotes U.S. exports in China

Clinton promotes U.S. exports in China    U.S. Secretary of State Hillary Clinton called on China Sunday to provide fair access to American companies seeking to export goods and services to the Asian nation.
   'For trade to work in any economy, and for it to produce the benefits we know that it can, there must be a level playing field where domestic and international companies can compete freely and openly,' she told American and Chinese business executives at the Boeing Co.'s maintenance facility in Shanghai on her way to Beijing for two days strategic and economic talks.

Clinton

   'For example, transparency in rulemaking and standard-setting, non-discrimination, fair access to sales to private sector and government purchasers alike, the strong enforcement of intellectual property rights, these are all vitally important in the 21st century global economy. That's what drives innovation, benefits consumers, and ultimately stimulates broad-based and sustainable growth. American companies want to compete in China. They want to sell goods made by American workers to Chinese consumers with rising incomes and increasing demand. We are seeking a win-win situation for our two countries,' Clinton added.
   A goal of President Obama's national export initiative is to bring greater economic balance and competition to the U.S.-China trade relationship, which is heavily weighted towards U.S. imports of Chinese goods, the top U.S. diplomat said, according to a copy of her remarks.
   The tripling of U.S. merchandise sales to China since China's entry into the World Trade Organization in 2001 and a 46 percent increase in exports to China during the first quarter versus the same 2009 period are positive developments that need to be accelerated, she said.
   Boeing, she said, is an example of a U.S. company that has benefited by selling its technology to China.
   China is one of the fastest growing aviation markets and provides huge opportunities for U.S. companies. Industry forecasts predict a 300 percent increase in passenger traffic from 230 million passengers in 2009 to 700 million passengers in 2020, and then a further doubling to 1.5 billion by 2030. The United States had a global trade surplus in aerospace of $60 billion.
   Chinese airlines have ordered 450 new aircraft from Boeing.