And this is what current foreign ministry spokesman Liu Jianchao during a press conference about Chinese-US trade frictions officially said: “The trade disputes between China and the United States are within the field of economic and trade cooperation between the two countries. We hope the two sides can remove the disputes and solve the problems in the economic and trade relations through consultations on an equal footing. And we are opposed to politicalizing the problems in China-US economic and trade relations”. The problem is, as seen off-shore, it coincides with the US domestic politics when President Bush is seeking reelection and is facing the issue of creating more job opportunities with the high unemployment rate. The question is, do Chinese officials think the so-called trade friction is a US domestic political issue or a pure trade issue? Also, many European firms see massive problems in an extremely low-valued Renminbi.
EPP EUROPE 408
