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The twenty-first Sino US Joint Commission on commerce and trade closed yesterday.

Chen Deming: the politicization of rare earth problem is too unconscionable.

The twenty-first session of two days Sino US Joint Commission on commerce and trade (JCCT) This is the Santa Claus in Washington in 2010.

From the memorandum of understanding signed by the two sides to promote investment in the United States and the memorandum of understanding on the inspection and Quarantine of soybean exports to the United States and other agreements, the United States is pleased to jointly formulate the international standards for smart grids, resume the import of beef and bone beef below 30 month old of the United States, and lift the import restrictions on poultry imports in the two states of the United States, and then continue to carry out a special action plan against the infringement of intellectual property rights and the manufacture and sale of fake and shoddy products by the Chinese side.

This strong import list is also a win-win move for China to promote balance of payments and slow down the pressure of RMB appreciation. Although the United States has distributed numerous export rallies and forecasts for next year's trade surplus, many agencies have told the first Financial Daily reporters that next year, China's trade surplus Will remain high.

　　 US side: China's decision to facilitate us economic recovery

The US Commerce Secretary Luo Jiahui, trade representative Kirk and agriculture minister Vilsack agreed to hold a press conference on behalf of the US side. The outcome of this conference is of great significance to help the US economic recovery and promote employment in the United States.

The Joint Commission on commerce and trade has achieved a number of achievements in both fields including wind power equipment, medical technology, agriculture and other fields. Especially in agriculture, the two sides have made many breakthroughs in lifting the ban on agricultural products, inspection and quarantine, especially the beef exported to China by the United States.

Vilsack told reporters at the press conference that strengthening cooperation with China in agriculture is a real economic benefit for farm and farmers in the United States. "Every time we increase our trade by 1 billion, we create 8000~9000 jobs for the United States." Vilsack said, "therefore, any increase in trade opportunities with China's second largest trading partner, China, is good news for the United States. At present, the bilateral trade volume between China and the United States has reached US $about 400000000000, and the United States has benefited from it. In the field of agriculture, the United States is also expected to get full access to the Chinese market one day, which is absolutely good news for us agriculture. "

China: hope that the United States will continue Expand the export of high technology Export of rare earth

Compared with the three appeals of the United States, China's participation in the Joint Commission on commerce and trade is also related to expectations. This includes asking the United States to relax the export control of high-tech products, recognize China's market economy status, and consider that Chinese enterprises should be treated fairly to the United States.

According to the statement issued after the meeting, the US side said that it would seriously consider the comments made by the Chinese side in the process of reforming the export control system. In the fair treatment of Chinese enterprises' investment in the US, the US side promised to "actively consider the application of Chinese enterprises to import controlled civilian high-tech items". In the Chinese market economy status, the US side expressed its willingness to strengthen communication and exchanges with the Chinese side and seriously consider China's attention to the status of the market economy so as to speed up recognition of China's market economy status.

At the Chinese press conference on the same day, officials from ministries of Commerce, finance, agriculture and the State Intellectual Property Office also answered questions from the journalists about the current export of rare earth elements and the export control reform of the United States.

Earlier, US interest groups lobbied Congress to ask the us to put pressure on China to cancel the export tax and export quotas for rare earths.

In response, Chen Deming, Minister of Commerce, said that officials from the two countries discussed the export of rare earth in the talks, and explained the problem of reducing the output of rare earth in China by protecting the environment. "China has 30% of the world's rare earth resources, but it supplies more than 90% of the world's rare earth demand. In this regard, there are people who talk about China's rare earth problem and some people are politicizing it. It's really unconscionable." Chen Deming said, "we do not restrict exports to any country, but only reduce exports." Chen Deming said that when China reduced production, it also imposed restrictions on its use, which was in line with the commitments made by China when participating in the WTO.

Chen Deming pointed out that China's trade policy is to increase exports while expanding imports. Therefore, China also expresses great concern and hopes for president Obama's efforts to improve export control. {page_break}

　　 Experts: win-win trade surplus will remain high

Huo Jianguo, President of the Research Institute of the Ministry of Commerce, told our correspondent that the effect of the JCCT is still very positive. There are substantive ways to solve the demands of both sides, which are reciprocal and mutually beneficial and win-win, and help to ease Sino US relations. "From the point of view of imports, imports from the US mainly focus on beef and soybeans, and the United States has relaxed the export of Chinese poultry and handicrafts that had been restricted previously." He said.

In addition, he also expressed positive signals for China's concern about the issue of high-tech regulation in the US. The notice promised to further relax restrictions on high-tech products in accordance with the application of Chinese enterprises. "I think there are two possibilities, either to reduce the list of restricted products in the United States, gradually relax the export of products, or to apply independently through individual enterprises, and then to make decisions based on specific circumstances." Compared with the "big ceremony" received by the United States, this announcement also has positive signals for Chinese enterprises to invest in the United States and exclude restrictions.

Lu Zheng commissar, chief economist of Societe Generale, told reporters that expanding imports is actually a win-win move for both China's steady economic growth and the growth of other economies.

"Compared with the simple way to promote the balance of payments through RMB appreciation, expanding imports is a win-win solution for both the survival and development of export enterprises and the promotion of world economic development." He said, "you see the rapid economic development of Japan and Australia this year is actually the pulling effect of China's strong economy."

Earlier this year, based on the judgment of the export trend of the whole year, "former high and low", Yao Jian, spokesman of the Ministry of Commerce, predicted that the trade surplus of this year will be reduced by 100 billion US dollars on the basis of last year, and the total amount will be less than 100 billion dollars.

Since then, the performance of China's exports has exceeded the market expectations. According to the latest customs statistics, China's trade surplus amounted to US $170 billion 420 million between 1 and November. Near the end of the year, the market generally expects that this year's trade surplus will reach less than 200 billion dollars, while the annual export growth rate will remain above 30%.

Huo Jianguo pointed out that if we can expand import and promote China's industrial upgrading, especially the goal of equipment upgrading, it is a good measure to promote China's economic transformation.

Wan Jifei, President of the China International Chamber of Commerce, also told reporters recently: "China used to be short of foreign exchange for a long time. Therefore, we should pay attention to exports and neglect imports. In recent years, the trade surplus has been increasing, and the high foreign exchange reserves have brought great economic risks, which makes the pressure on the us to revalue the renminbi. Therefore, he believed that we should co-ordinate import and export, optimize import structure and import large scale equipment, high technology and raw materials. In this way, both inside and outside can be taken into account, leaving room for export and reducing trade friction.

Wang Tao, China's chief economist at UBS Securities, told reporters that she expects next year's trade surplus under customs will rise slightly. Wang Tao believes that in the context of sustained slow global economic recovery, China's exports will continue to increase next year. At the same time, imports will be slightly lower than this year. "The price of imports this year is generally higher than that of last year, and the import price next year will probably not increase so much. The surplus will increase slightly next year when investment is almost flat next year."

Lian Ping, chief economist of Bank of communications, believes that the most favorable situation for the surplus next year will depend on the international market, followed by the appreciation of the RMB exchange rate. "At present, my judgement is that the possibility of a weak recovery of the external economy will be great next year, which is beneficial to exports, but the appreciation of the RMB exchange rate may accelerate, which is unfavorable for exports." He pointed out.

In addition, Lian Ping estimates that the growth rate of imports will accelerate next year. "At present, the central economic work conference conveys that the next year may promote wider imports. Moreover, as the opening year of 12th Five-Year and the last year of this administration, domestic investment will not fall significantly, and will also boost imports." He said.

For economists' anticipation, Yao Jian told our reporter that the high surplus is a phased problem conforming to China's national conditions.

He said that this year's surplus is down compared with that in 2008 and 2009. With China's policy of "expanding consumption", China will pay more attention to imports. He laughs that most countries have experienced such a process from "export oriented" to "balanced orientation". Therefore, the trade surplus will be alleviated.