商业报道(Business Channel)12-03:贸易争端再起

Scripts:

I think it is quite important and in particular what it shows is that engagement with China can work. And that’s what we are attempting to do in this strategic economic dialogue and many other issues that are being discussed. This is one item that was led by US trade representative ambassador Susan Schwab addressing concerns that we have with respect to Chinese subsidies¹, particularly export subsidies and subsidies we would say that you need to…that a Chinese company would need to import domestic goods as opposed to imported goods. But this really does show that when we have a chance to work through the issues and to work on them collaboratively that we can get a mutually beneficial result. I think that’s in particular the significance here.

But you've got some very very big issues indeed to deal with. You've got the issue of Chinese respect of intellectual property, you got the issue of China’s opening up its market to international financial services, and above all you've got the fact that the Chinese, said in newer estimation, keep their currency the RMB yuan artificially low against the dollar. It’s ganna take a long time, isn’t it, to get real progress on those issues?

Well, some of these issues are ones that we are able to make progress on. That’s the focus of what we call our strategic economic dialogue to be able to address the long-term strategic issues that we really need to be able to address over the long term. These are issues like energy and the environment, issues on, as you indicate, getting them to appreciate their currency more rapidly. All the issues with respect to having them accelerate the development of their financial sector², issues on investment, issues for example on integrity of trade consumer protection and product safety. So those are all issues… (Let's) Please go ahead Charles

Yes, Sorry, ambassador I mean those are obviously, don’t let's get in too far down the laundry list. I mean, those are all important issues but the fact is sure you don’t have that much leverage³—the Chinese sell an enormous number of goods that people in America want to buy, hence the deficit⁴ on the one hand; on the other hand, you would be very worried if the reserves that the Chinese are holding in dollars were suddenly to go over to Euros or some other currencies essentially⁵ they've got all the leverage, you don’t have much, right?

Well, I think there are two important pieces of leverage those apply with respect to America, they also apply with respect to Europe. And that is continued access to those two markets which is something that the Chinese certainly are very interested in. The other piece of leverage is all of these questions are once where the Chinese do recognize. That it's important for them on consumer product safety to protect the Chinese brand. They recognized that it is important for them to move to a more flexible exchange rate and what we are focusing on with them is not so much the direction of reform but the pace of reform.

Notes:

with respect to: pertaining⁶ to, concerning...

1 subsidies   

n.补贴，津贴，补助金( subsidy的名词复数 )

参考例句：

• European agriculture ministers failed to break the deadlock over farm subsidies. 欧洲各国农业部长在农业补贴问题上未能打破僵局。
• Agricultural subsidies absorb about half the EU's income. 农业补贴占去了欧盟收入的大约一半。 来自《简明英汉词典》

2 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

3 leverage   

n.力量，影响；杠杆作用，杠杆的力量

参考例句：

• We'll have to use leverage to move this huge rock.我们不得不借助杠杆之力来移动这块巨石。
• He failed in the project because he could gain no leverage. 因为他没有影响力，他的计划失败了。

4 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

5 essentially   

adv.本质上，实质上，基本上

参考例句：

• Really great men are essentially modest.真正的伟人大都很谦虚。
• She is an essentially selfish person.她本质上是个自私自利的人。

6 pertaining   

与…有关系的，附属…的，为…固有的(to)

参考例句：

• Living conditions are vastly different from those pertaining in their country of origin. 生活条件与他们祖国大不相同。
• The inspector was interested in everything pertaining to the school. 视察员对有关学校的一切都感兴趣。