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| Mr.Liao's portfolio covers the Department of Policy Research, Department of Taiwan, Hong Kong and Macao Affairs, Department of Information Technology, China International Electronic Commerce Center, China Association of International Trade, China International Institute of Multinational Corporations, and the Association of Economy and Trade Across Taiwan Straits. |
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| China-US Industrial Technology Cooperation Forum held in Shenzhen |
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Shenzhen (October 12)--Hosted by the Ministry of Commerce, the China-US Industrial Technology Cooperation Forum was held in Shenzhen, as part of the 2007 China Hi-Tech Fair. Vice-Minister Liao Xiaoqi and US Consulate General Robert Goldberg attended and addressed the event,
Liao noted that China-US trade was in a positive territory in recent years, with a win-win pattern established in bilateral trade and the two countries becoming each other’s second largest trade partner. Since 2000, US export towards China enjoyed an annual growth rate of 22.6%, 4.7 times its global export. By the end of 2006, over 50,000 US-invested ventures were established in China, accounting for a total turnover of 10 billion US dollars.
Liao also pointed out that, given the immense scale of China-US trade, it was understandable that conflicts might occur occasionally. It was advisable, however, to address these issues in a practical and flexible way. A long-term, steady economic relationship between US and China was beneficial to both countries. Chinese government, Liao also observed, attached great importance to technological innovation, and was promoting the idea of an innovative nation.
The forum was co-hosted by China Chamber of Commerce for Import and Export of Machinery and Electronic Products and the US Information Industry Organization.
Before the meeting, Liao met with the representatives attending the event, and visited the US exhibition center in the Hi-Tech Fair.
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