WRAP Chinese VP Wu Yi delivers policy speech скачать в хорошем качестве

WRAP Chinese VP Wu Yi delivers policy speech

(25 May 2007) SHOTLIST 1. Wide interior of dinning hall 2. Wide of executives of US enterprises attending dinner 3. Medium of Wu Yi walking to podium 4. SOUNDBITE: (Mandarin) Wu Yi, Chinese Vice Premier "I believe the floating band of the RMB exchange rate will continue to expand as the market changes in the future. China's reform of RMB exchange rate will carry on in an independent, controllable and gradual manner. The flexibility of the yuan exchange rate will be continuously increased through the reform with a basically stable yuan maintained at a reasonable level." 5. Cutaway of photographers 6. SOUNDBITE: (Mandarin) Wu Yi, Chinese Vice Premier "The RMB exchange rate is not the main cause of the U.S. trade deficit with China. Any attempt to force the RMB to appreciate with a large degree is not helpful to the overall situation, but harmful to the interests of China and US and the people of the two countries." 7. Cutaway of attendants 8. SOUNDBITE: (Mandarin) Wu Yi, Chinese Vice Premier "Improving the situation of the unbalanced trade between China and US can not simply rely on China's efforts only. The U.S. side should also earnestly demonstrate its sincerity and adopt effective measures to curb the increasingly serious trend of trade protectionism, defer the promulgation of new regulations on export control against China, relax export control over civil-purpose high technology products to China." 9. Medium of audience listening and clapping 10. Wide of Wu walking out of podium and shaking hands with US official STORYLINE China will expand the yuan's trading band in the future, but the yuan exchange rate isn't the main cause of the US trade deficit with China, Chinese Vice Premier Wu Yi said Thursday. "I believe the floating band of the RMB exchange rate will continue to expand as the market changes in the future," she said. "The flexibility of the yuan exchange rate will be continuously increased through the reform with a basically stable yuan maintained at a reasonable level." In 2006, the US posted a US 233 (b) billion US dollar trade deficit with China. US congressional critics still say China isn't moving fast enough on its currency reform. Last Friday, just ahead of this week's US-China Strategic Economic Dialogue, China announced it was widening the daily trading band of the dollar-yuan to 0.5% from 0.3%. "The RMB exchange rate is not the main cause of the US trade deficit with China. Any attempt to force the RMB to appreciate with a large degree is not helpful to the overall situation, but harmful to the interests of China and US and the people of the two countries," she said. Wu Yi on Thursday called for efforts from the United States to improve the trade imbalance between the two countries, saying China's efforts alone are not enough to achieve the goal. According to Wu, "the US side should also earnestly demonstrate its sincerity and adopt effective measures to curb the increasingly serious trend of trade protectionism, defer the promulgation of new regulations on export control against China, relax export control over civil-purpose high technology products to China." Wu pointed out that the Chinese government attached great importance to addressing the China-US trade imbalance and has been actively enlarging imports from the US with the utmost sincerity. In 2006 China made a leap to become the US fourth-largest export market, rising from ninth place five years earlier. Wu is in Washington this week leading a delegation of senior officials who participated in the Strategic Economic Dialogue (SED), started by her and US Treasury Secretary Henry Paulson. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...