The US urged China yesterday to wage a wider war against rampant patent and copyright piracy as it sought ways to reduce a growing trade imbalance that has become an election issue in the US.
Beijing needed to do much more to battle counterfeiting that had seriously harmed US firms and workers, US Secretary of Commerce Don Evans told reporters during a four-day visit to China.
PHOTO: EPA
"There needs to be much more efforts, much more resources put into the protection of intellectual property rights across the country," Evans told reporters during a visit to a factory in a Beijing suburb.
The Chinese authorities needed to do more at the provincial and city levels, he said, two months after Chinese Vice Premier Wu Yi (吳儀) pledged during meetings with Evans in Washington to intensify a crackdown on counterfeiting.
China's own State Council has estimated the market value of counterfeit goods in China at about US$19 billion to US$24 billion annually. The bogus trade affects a wide range of US products, including films, music, publishing, software, pharmaceuticals, information technology and automotive parts.
Washington also hoped to do more to reduce its trade deficit with the world's fourth-biggest trading nation, which hit a record US$124 billion last year and is expected to head higher.
"In the first four months of this year the trade deficit continued to grow, so we need to continue to work on ways to reduce those trade barriers," Evans said.
He also reiterated Washington's desire to see the yuan liberalized.
"We think it's very important to have a flexible, market-driven exchange rate. That coupled with free trade and free flow of capital," he said.
"There is a working group between the United States and China working on that and we will continue to work for it," he said.
Investors have speculated China may make the yuan more flexible as early as this year by pegging it to a basket of foreign currencies and letting it move more freely, a step many analysts expect would lead the currency to strengthen. Analysts say China will only do so in its own time, rather than bow to foreign pressure.
Evans also oversaw the signing of a series of deals between US and Chinese business yesterday, including an agreement by General Electric, the world's biggest maker of turbines, to sell two electric transfer systems to China Southern Power Grid Co.
Honeywell Inc, meanwhile, agreed to supply environmentally friendly refrigerants and other chemicals to home appliance maker Haier. No terms of the deals were given.
"These partnerships will grow American jobs and contribute to America's economic development," Evans said.
"These signings are an example of the strong commercial bonds being forged between the United States and China," he said
Also signed yesterday was a deal with United Solar Ovonic and Dawson International to provide and install a 300-kilowatt solar photovoltaic lighting system in the Beijing New Capital Museum.
Evans was scheduled to meet Chinese Premier Wen Jiabao (溫家寶) yesterday for talks that will also include US Secretary of Labor Elaine Chao who is in Beijing.
Today, Evans will meet separately with Vice Premier Wu Yi (吳儀), Vice Premier Zeng Peiyan (曾培炎) and Commerce Minister Bo Xilai (薄熙來) following a breakfast speech with US businesspeople.
AIR DEFENSE: The Norwegian missile system has proved highly effective in Ukraine in its war against Russia, and the US has recommended it for Taiwan, an expert said The Norwegian Advanced Surface-to-Air Missile Systems (NASAMS) Taiwan ordered from the US would be installed in strategically important positions in Taipei and New Taipei City to guard the region, the Ministry of National Defense said in statement yesterday. The air defense system would be deployed in Taipei’s Songshan District (松山) and New Taipei City’s Tamsui District (淡水), the ministry said, adding that the systems could be delivered as soon as the end of this year. The US Defense Security Cooperation Agency has previously said that three NASAMS would be sold to Taiwan. The weapons are part of the 17th US arms sale to
INSURRECTION: The NSB said it found evidence the CCP was seeking snipers in Taiwan to target members of the military and foreign organizations in the event of an invasion The number of Chinese spies prosecuted in Taiwan has grown threefold over a four-year period, the National Security Bureau (NSB) said in a report released yesterday. In 2021 and 2022, 16 and 10 spies were prosecuted respectively, but that number grew to 64 last year, it said, adding that the Chinese Communist Party (CCP) was working with gangs in Taiwan to develop a network of armed spies. Spies in Taiwan have on behalf of the CCP used a variety of channels and methods to infiltrate all sectors of the country, and recruited Taiwanese to cooperate in developing organizations and obtaining sensitive information
BREAKTHROUGH: The US is making chips on par in yield and quality with Taiwan, despite people saying that it could not happen, the official said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has begun producing advanced 4-nanometer (nm) chips for US customers in Arizona, US Secretary of Commerce Gina Raimondo said, a milestone in the semiconductor efforts of the administration of US President Joe Biden. In November last year, the commerce department finalized a US$6.6 billion grant to TSMC’s US unit for semiconductor production in Phoenix, Arizona. “For the first time ever in our country’s history, we are making leading edge 4-nanometer chips on American soil, American workers — on par in yield and quality with Taiwan,” Raimondo said, adding that production had begun in recent
Seven hundred and sixty-four foreigners were arrested last year for acting as money mules for criminals, with many entering Taiwan on a tourist visa for all-expenses-paid trips, the Criminal Investigation Bureau (CIB) said on Saturday. Although from Jan. 1 to Dec. 26 last year, 26,478 people were arrested for working as money mules, the bureau said it was particularly concerned about those entering the country as tourists or migrant workers who help criminals and scammers pick up or transfer illegally obtained money. In a report, officials divided the money mules into two groups, the first of which are foreigners, mainly from Malaysia
RSS