US - China

Chronology from Jul 2005 to Oct 2005

: The U.S.-China textile talks conclude with no agreement. Negotiators say the next round will be held in October.

: U.S. and Chinese negotiators begin another round of talks on textile products from China, but industry officials are pessimistic the two sides can find common ground.

: U.S. Treasury Secretary John Snow meets with China’s top central banker Zhou Xiaochuan and Finance Minister Jin in Washington and notes the need for greater exchange rate flexibility.

: China’s central bank widens the yuan’s trading band against non-dollar currencies to 3 percent from 1.5 percent, further loosening restrictions on the yuan’s foreign exchange regime.

: Deputy Secretary of State Robert Zoellick delivers a speech on China-U.S. relations to the National Committee on U.S.-China relations entitled “Whither China: from Membership to Responsibility?”

: FM Li holds talks with Secretary Rice on the sidelines of the 60th session of the UNGA in New York.

: At the invitation of U.S. Attorney General Alberto Gonzales, Meng Hongwei, Chinese vice minister of public security, leads a Chinese public security delegation to the U.S.  In addition to Gonzales, Meng meets with Randy Beardsworth, acting undersecretary at the Department of Homeland Security, Nancy Powell, acting assistant secretary of state, Robert Mueller, director of the Federal Bureau of Investigation, and Thomas Collins, commandant of the Coast Guard, as well as responsible persons of the Secret Service, the Bureau of Immigration and Customs Enforcement, and other law enforcement agencies.

: The Bush administration invites Chinese Finance Minister Jin Renqing and Zhou Xiachuan, the head of China’s central bank, to attend a luncheon as part of the G-8 meeting.

: While accompanying Hu to Canada, Chinese FM Li has a telephone conversation with Secretary Rice. They exchange views on implementing the consensus reached between the heads of state of the two countries at the New York meeting on Sept. 13.  They also discuss issues concerning the ongoing Six-Party Talks in Beijing.

: The U.S. textile industry re-files nine petitions to extend safeguards on 16 categories of textile products from Chinese imports through 2006.

: Chinese Foreign Ministry spokesman Qin Gang announces that President Bush will visit China in November after a summit of the Asia Pacific Economic Cooperation in the Republic of Korea.

: Presidents Bush and Hu meet in New York on the sidelines of the UNGA.

: In its annual testimony for the Office of the U.S. Trade Representative on China’s WTO compliance, the U.S.-China Business Council states that China has adopted policies resulting in a far more open and profitable business environment for many U.S. companies, but has fallen short in areas such as intellectual property rights enforcement, transparency, and the granting of rights to distribute products in China made elsewhere.

: USS Curtis Wilbur, an Arleigh Burke-class Aegis guided missile destroyer, arrives in Qingdao for a four-day port visit.

: Ma Delun, deputy governor of the People’s Bank of China, says that China will not sell large quantities of U.S. Treasury bills despite its recent decision to cease pegging the yuan to the dollar.

: Wu Bangguo, chairman of the Standing Committee of the Chinese National People’s Congress, meets with U.S. Senate President Pro Tempore Ted Stevens at the UN headquarters and holds a phone conversation with U.S. House Speaker Dennis Hastert. They discuss Sino-U.S. relations and the next round of regular exchange between the Chinese NPC and the U.S. Senate.

: Commander of U.S. forces in the Pacific, Adm. Fallon, arrives in China at the invitation of Guangzhou Military Region Commander Liu Zhenwu.

: Chinese President Hu’s visit to the U.S. is postponed as President Bush deals with the aftermath of Hurricane Katrina. Both leaders agree by phone to meet on the margins of the UN General Assembly meeting later in the month.

: The Chinese government announces it will give up to $5 million in relief supplies to victims of Katrina. It also offers rescue workers and medical personnel.

: The Bush administration announces that it is re-imposing import quotas on two types of Chinese clothing and textiles and extending until Oct. 1 a deadline for making decisions in four other cases.

: Results of the 2005 Member Survey by the U.S.-China Business Council are released.

: U.S. and Chinese officials resume negotiations in Beijing to reach a comprehensive agreement on textile trade. The following day the talks end without resolving the dispute.

: U.S. and Chinese textile negotiators hold talks in San Francisco. U.S. officials say that the two sides are close to a comprehensive agreement to limit imports of Chinese clothing and textiles.

: The U.S.-China Economic and Security Review Commission holds hearing on China’s strategy and objectives in global capital markets and recommends to Congress additional disclosures by state-owned Chinese companies seeking to tap U.S. capital markets.

: Chinese top legislator Wu Bangguo and Dennis Hastert, speaker of the U.S. House of Representatives, hold talks and agree to further regular parliamentary exchanges and cooperation at all levels.

: China’s ambassador to the U.N. Wang Guangya says that the U.S. and China have agreed to work together to block a plan to expand the U.N. Security Council.

: Chinese FM Li and Secretary Rice talk by phone.

: CNOOC withdraws its $18.5 billion bid to buy Unocal Corp., citing “unprecedented political opposition” in the U.S.

: Deputy Secretary Zoellick arrives in Beijing to launch the Senior Dialogue on strategic issues.

: The Committee for the Implementation of Textile Agreements announces its decision to extend until Aug. 31 the period for making determinations in six textile market disruption cases on Chinese imports.

: China and the U.S. hold the seventh parliamentary dialogue in Beijing, focusing on political and trade issues.

: Deputy Secretary of State Robert Zoellick meets with Hong Kong Chief Executive Donald Tsang and discusses the economic evolution in Hong Kong, its relations with the U.S., and cooperation on aviation and intellectual property protection.

: An official U.S. House delegation leaves for a 10-day trip to China. The delegation is composed of 12 U.S. House members, most of whom belong to the U.S.-China Working Group, an organization dedicated to building diplomatic relations with China and promoting congressional and national awareness U.S.-China issues.

: Republicans bring the U.S. Trade Rights Enforcement Act legislation back to the House floor under normal House rules, and it passes 255 to 168.  It is subsequently referred to the Senate Committee on Finance.

: Tang Jiaxuan, China’s State Councilor, meets with President Bush, Secretary of State Condoleezza Rice, National Security Advisor Stephen Hadley, and Treasury Secretary John Snow while visiting Washington. Tang delivers a letter from Chinese President Hu to Bush during the meeting.

: The U.S. House of Representatives votes 240-186, short of the two-third majority needed for bills introduced under special procedures that limit debate, on the U.S. Trade Rights Enforcement Act that would allow the government to impose duties on Chinese products in response to trade restrictions by Beijing and address currency manipulation and intellectual property issues.

: China’s central bank announces that the yuan will appreciate against the dollar by 2 percent and says that it will peg the yuan to a basket of currencies and allow it to fluctuate within a narrow 0.3 percent range.

: Chinese appliance maker Haier America drops its $1.28 billion bid to purchase Maytag after Whirlpool announced a higher offer at $1.37 billion.

: The U.S.-China Economic and Security Review Commission holds hearings on China’s growing global influence, from China’s global strategy to its relations with African and Latin American countries.

: Defense Secretary Donald Rumsfeld asserts that the report on China’s military power supports the government position that a European arms embargo against the Chinese should be kept in place.

: President Bush, in a meeting with Prime Minister John Howard, says Australia and the U.S. can work together to encourage China to accept values such as minority rights and the freedoms of speech and religion and to take a more active role in East Asia to prevent nuclear proliferation.

: After a several month delay, the Pentagon releases its 2005 report on “The Military Power of the People’s Republic of China” as mandated by Congress.

: Gen. Liu Zhenwu leads a delegation of PLA military officers to Hawaii to meet with Adm. Fallon, the commander of U.S. forces in the Pacific.

: At a function for foreign journalists organized in part by the Chinese government, Maj. Gen. Zhu Chenghu, a dean at China’s National Defense University, warns that in a conflict in the Taiwan Strait, “If the Americans draw their missiles and position-guided ammunition on to the target zone on China’s territory, I think we will have to respond with nuclear weapons.”

: Sen. Byron Dorgan introduces a bill that would prohibit the merger, acquisition, or takeover of Unocal by CNOOC to prevent the risk of “strategic assets of Unocal Corporation being preferentially allocated to China by the Chinese Government.” It is referred to the Committee on the Judiciary.

: House rejects the East Asia Security Act giving the president the authority to bring sanctions against European companies that sell arms to China after U.S. business groups came out strongly against it. The final vote is 215-203, short of the two-thirds majority needed.

: Rep. Charles B. Rangel and others introduce the Fair Trade with China Act of 2005 that would require the USTR to investigate currency practices of China, make applicable determinations, and implement any appropriate action. It is referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

: Witnesses tell the House Armed Services Committee that CNOOC’s bid for Unocal is part of a Chinese effort to gain economic and military advantages over the United States. Rep. Duncan Hunter (R-Calif.), the chairman of the House committee, vows to introduce a bill to block acquisition by CNOOC.

: Tim Hauser, U.S. acting under secretary of commerce for international trade, and Wan Jifei, chairman of the China Council for the Promotion of International Trade, sign a Memorandum of Understanding during the JCCT meeting to launch a new U.S.-China International Partner Network in 14 major business centers across China.
July 13, 2005: Senate Finance Committee Chairman Charles Grassley and Sen. Max Baucus of Montana say in a letter to President George Bush that they are pleased he would order a review by the Committee on Foreign Investments in the U.S. if Unocal were to accept CNOOC’s offer.

: U.S. manufacturers petition the Bush administration to impose quotas on additional imports of Chinese textiles and clothing, saying they will keep filing cases until the two countries negotiate a comprehensive agreement on Chinese imports.

: Luo Gan, member of the Standing Committee of the Politburo in China, meets U.S. Supreme Court Justice Ruth Bader Ginsburg, who is visiting China at the invitation of the Supreme People’s Court of China.

: The 16th annual Joint Commission on Commerce and Trade (JCCT) meeting opens in Beijing to discuss disagreements over trade and investment policies. The U.S. delegation is represented by JCCT co-chairs Secretary of Commerce Carlos Gutierrez and USTR Rob Portman, and Secretary of Agriculture Mike Johanns.

: U.S. Secretary of State Condoleezza Rice arrives in Beijing on a four-nation visit to Asia and meets with President Hu Jintao, Premier Wen Jiabao, and Foreign Minister Li Zhaoxing.

: Adm. William J. Fallon, commander of U.S. forces in the Pacific, says the U.S. faces “significant challenges” in dealing with China because of issues like the Taiwan Strait, but he hopes to deepen bilateral understanding by boosting defense ties.

: North Korea launches seven ballistic missiles, including one long-range Taepodong 2.

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