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Protectionism

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China pledged to cooperate on trade as Commerce Secretary Don Evans began a visit to China. U.S. roundtable discussion on intellectual property rights. In comments before the visit, Secretary Evans said he would press China to do more to stop the flow of pirated goods, which officials say cost U.S. companies nearly $3 billion a year. At a regular briefing, Chinese Foreign Ministry Spokesman Kong Quan said the roundtable shows Beijing is serious about addressing the issue, often referred to as I.P.R.

Nfl Betting Spread US Commerce Secretary Carlos Gutierrez warned China to curb the flow of piracy on counterfeit products or face an "outbreak of protectionism" in the United States.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free.

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Betting Exchange Spread June 2, 2005 (AXcess News) Washington - US Commerce Secretary Carlos Gutierrez warned China to curb the flow of piracy on counterfeit products or face an "outbreak of protectionism" in the United States.

Facing issues such as piracy, slumping movie ticket sales and dropping prices for DVDs, the studios are eager to find a new source of revenues.

Advanced Commodity Spread Gutierrez called Chinese piracy akin to criminal behavior, as if crooks were out there laundering cash.The newly appointed Bush supporter, Gutierrez, said that China would need to stop talking about curbing piracy and put their words into action before the Bush administration would be forced to do something about it by US industry.

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Online Spread Betting Friction has been building between the United States and China over trade issues for months. Recent textile trade requests to curb exports by China have done little and now that battle is in Europe as Peter Mandelson, WTO chief, is taking that battle to Chinese political centers in Beijing demanding that they cooperate.Chinese politicians are taking Gutierrez' comments more seriously after the Bush administration's recent move to restrict the imports of cheap Chinese textiles.China has also been feeling pressured from both the United States and the European Union over its valuation of the Chinese dollar, the Yuan. China has propped its currency's value by tieing it to the US dollar. Both EU and US banking representatives have urged China to change its currency rates but while Chinese authorities say they are reviewing ways to adjust the Yuan, action has been slow in coming.

Stock Spread Trading People think DVDs when they hear the word piracy, but China's piracy extends to handbags, clothing, the latest movies and software, to just name a few. In fact, China is so tolerant of counterfeit goods that an emporium directly behind the US embassy is filled with counterfeit products being sold under the eyes of US representatives there in Beijing.

Betting Horse Racing Spread Counterfeit goods that find their way into the United States is a $250 billion dollar-a-year problem, Gutierrez's office says. Much of those pirated goods are manufactured in China.

Complete Guide Spread Trading Gutierrez said that progress made over the last twenty-five years between the United States and China could collapse if China doesn't act on the piracy issues between the two super powers.

Sport Spread Betting China is the third largest trading partner with the United States.

Low Spread Forex Trading "Unless the U.S. and China show results, everything we have worked for ... could be in jeopardy," said Gutierrez. "Opponents of free trade could get their way. So we need some help here. I'm asking the Chinese for some help here because if not, we're both going to be at risk."

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