and U.S. to hold trade talks next week
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[December 13, 2013]
BEIJING (Reuters) — Senior U.S. and
Chinese officials will hold annual trade talks in Beijing next week,
China's Foreign Ministry said on Friday, as the world's two largest
economies try to iron out an array of long-held tensions.
Chinese Vice Premier Wang Yang will host U.S. Secretary of
Commerce Penny Pritzker and Trade Representative Michael Froman for
the Joint Commission on Commerce and Trade (JCCT) on December 19-20,
ministry spokesman Hong Lei told a press briefing.
U.S. politicians are eager to attract Chinese investment as a source
of new jobs and economic growth, though high-profile Chinese
projects have been scrapped after running into national security
Officials cited food safety worries in a review of the acquisition
of the world's largest pork producer, Smithfield Foods Inc, by
China's Shuanghui International Holdings Ltd, though the deal
received U.S. approval in September.
China makes perennial pledges to address U.S. concerns about
widespread piracy and counterfeiting of American-made goods, and
Beijing has long pressed the United States to ease its restrictions
on exports of high-technology goods.
The two countries agreed to restart stalled negotiations on an
investment treaty this summer after China said it would drop blanket
restrictions on talks for market access in industries, especially in
its service sector.
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The United States recorded a $315 billion trade deficit with China
The JCCT is an annual forum launched in 1983 for the two countries
to address trade and investment issues.
(Reporting by Michael Martina and Ben Blanchard;
editing by Nick Macfie)
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