Week of November 3, 2000
Week of September, 2001
The U.S. and China This Week
INTERNATIONAL: China Approaches end of WTO Journey
SUMMARY: (9/11, 9/14) A working
party on the Chinese admission to the World Trade Organization is expected
to approve a package for China’s long awaited entry into the trade organization.
The announcement was to take place on Thursday, but due to terrorist attacks
in New York and Washington D.C., it has been postponed until next Monday.
The approval will mean that China, and then Taiwan, would become a member
by early 2002.
China and Mexico did sign an accord on Thursday,
thus removing one of the last hurdles China has had to overcome during
its 15-year quest to join WTO. Mexico mainly addressed its concerns
over losing out in the consumer good industries, like footwear and textiles,
from cheaper Chinese imports. Anti-dumping measures have been put
However, a final barrier between the EU, the United
States, and China over insurance issues is still being negotiated.
The influential U.S. American Insurance Group Inc. (AIG) has argued that
wording of the bilateral U.S.-China deal means it would have complete ownership
over any new branches it might open in China. But the EU, who are
only able to hold 50 per cent of it equity in new operations, has argued
if AIG received better operating conditions it would violate the most-favored
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INTERNATIONAL: China Shocked
at Terrorist Attacks. Beijing Expresses Sympathy to the American
SUMMARY: (9/12-9/14) Chinese President Jiang Zemin expressed shock
over Tuesday’s terrorist attacks in New York and Washington D.C. and stated
to President Bush in a telephone conversation “that China is ready to strengthen
dialogue and cooperation with the U.S. and the international community
in combating all manner of terrorist violence.?
Security around the US Embassy in Beijing was heightened with armed
police making stringent identification checks and allowing only embassy
cars and personnel through. U.S. Ambassador Clark Randt said in a statement
that the embassy and its four consulates in Shanghai, Chengdu, Shenyang
and Guangzhou would continue to function normally. He said, “The
people of the United States have faced tragedy in the past with courage
and faith, we will face this current challenge with the same spirit.?
Among the 18 Chinese funded enterprises in the World Trade Center, 11
of them confirmed no casualties. Five enterprises, however, still
have not been made contact. As of Wednesday, China’s Foreign Trade
Minister stated that the fate of around 30 Chinese nationals was currently
Though the common sentiment vocalized in China has been to strongly
condemn terrorism, Beijing and Washington, according to analysts, remain
deeply divided over the definition of terrorism and the proper international
standards used to retaliate against terrorist attacks.
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The U.S. and China This
Last updated: 16 July 2001