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... As China modernizes and grows, it is in our interest to promote Chinas continued economic reform. ... Chinas ongoing focus on market-oriented economic development holds promise that it will increasingly contribute positively to economic growth in the region. ...
Turning to economics, I want to highlight the importance to the United States of Chinas ongoing economic transformation. Not only has this transformation resulted in economic growth and expanded commercial ties between our countries, but it also has contributed to Chinas political evolution to a more liberal society. Market reforms and economic engagement have unleashed individual initiative and entrepreneurship. Foreign direct investment has both contributed to economic growth and exposed China to modern business and labor practices. Chinas economic growth is a bright spot in the global economy and today China accounts for about 4% of the world economy. ...
Chinas entry into the WTO signaled its commitment to further open and reform its economy. WTO membership will accelerate Chinas economic reforms and provide more export and investment opportunities for U. ... Monitoring and enforcing Chinas implementation of its WTO commitments is a centerpiece of our efforts. ...
We do have some serious concerns with Chinas WTO compliance, especially in the areas of agriculture, services, intellectual property rights enforcement as well as the cross-cutting issue of transparency. ... Although progress is not easy, we remain encouraged that Chinas leaders have repeatedly confirmed their intentions to implement Chinas market access commitments. ...
Chinas economic growth has made it an increasingly important regional and global player. ... It is pursuing the Closer Economic Partnership Agreement with Hong Kong and has explored FTAs with Korea and Japan. ...
We view Chinas integration into regional and global organizations and arrangements as a positive development. ...
We also need to be aware that the Chinese military is a beneficiary of Chinas economic growth. ... Income disparities between coastal urban and inland rural areas are rapidly growing and Chinese concerns about urban unemployment and surplus rural labor hinder the pace of economic reform. ... These economic challenges are coupled with other threats.
Approximate Word count = 1655
Approximate Pages = 6.6
(250 words per page double spaced)
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