Wednesday, May 23, 2007

China warns U.S. against trade "confrontation"

(Reuters) - "The dialogue made it clear that a confrontational approach
focusing on so-called immediate results only complicates the
situation and adds nothing to problem solving," it said.




China's economic growth was indeed too dependent on
exports, it said, but it was also "all too obvious that the
U.S. consumers spend too much and save too little, resulting in
their country's current account deficit".


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