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US presses China to cut steel production

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US presses China to cut steel production


Washington envoys press Beijing to cut excess steel production that is flooding global markets


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US envoys pressed China on Monday to cut excess steel production that is flooding global markets and to reach a diplomatic settlement to territorial disputes in the South China Sea as the two sides opened a high-level dialogue.


Washington is asking Beijing to move faster with plans to shrink a bloated steel industry that its trading partners complain is flooding their markets with unfairly cheap exports, hurting foreign producers and threatening jobs. The US has responded by imposing anti-dumping tariffs on steel, and European officials say they have launched a trade investigation.


"Excess capacity has a distorting and damaging effect on global markets," US Treasury Secretary Jacob Lew said at the opening of the two-day event, "and implementing policies to substantially reduce production in a range of sectors suffering from overcapacity, including steel and aluminum, is critical to the function and stability of international markets."


The annual Strategic & Economic Dialogue rarely produces agreements on major issues, but provides what officials on both sides say is a valuable setting to air disputes, clear up misunderstandings and share experiences.


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Beijing announced plans this year to slash the size of its state-owned steel and coal industries at a cost of millions of jobs. But plans for other bloated sectors, including aluminum, glass and solar panels, have yet to be announced.


Speaking at the event's opening ceremony, Chinese President Xi Jinping promised action on reducing overcapacity but announced no new initiatives.


"China will redouble efforts to promote supply-side structural reform," Xi said.


The annual Strategic & Economic Dialogue rarely produces agreements on major issues, but provides what officials on both sides say is a valuable setting to air disputes, clear up misunderstandings and share experiences.


This year's event is led by Secretary of State John Kerry and Lew on the US side, and Vice Premier Wang Yang and State Councilor Yang Jiechi on the Chinese side.


Amid deepening US concern that China is militarising the South China Sea, Kerry said that he would "make it clear that we are looking for a peaceful resolution to the disputes".







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US warns China against moves in South China Sea



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Growing concern over China’s naval activity in the South China Sea has brought the United States and Asian militaries closer than ever before, and Secretary of State John Kerry on Sunday warned China against encroachments in the region.


Speaking in Mongolia on his way to Beijing for strategic and economic talks this week, Kerry said China would be committing a “provocative and destabilizing act” if it establishes an air defense zone in the South China Sea, the Associated Press reported.






Kerry said the defense zone would raise tensions between China and other Asian countries. He said it also would call into question China’s commitment to resolving disputes over islands and maritime claims diplomatically.


He said the United States doesn’t take sides on competing claims and said no country should move unilaterally to militarize the resource-rich region.


Kerry hailed Mongolia, which is located between Russia and China, as a modern ‘‘oasis of democracy,’’ the AP said.


After lunching with Mongolia’s Harvard-educated president, Elbegdorj Tsakhia, Kerry attended a naadam, an ancient competition with archery, horseback riding, and wrestling, and tried his hand at using a bow.


India is a leading example of Washington’s efforts to broaden military cooperation in Asia.



The Indian military now participates in more drills with the United States than with any other country. The two countries also are close to signing an agreement that would allow refueling and repair of vehicles at each other’s bases, a plan that has been under discussion for more than a decade.


The United States is hoping to shore up its reach in the region with freedom-of-navigation patrols to counter Chinese territorial ambitions in the South China Sea.


India has been critical of some Chinese actions and deployed four warships to the area for exercises last month, but it has generally moved with caution to avoid antagonizing its mighty neighbor and key economic partner.


‘‘Where the South China Sea is concerned, the Indian government understands the risk very clearly of getting needlessly tangled there,’’ said Manoj Joshi, a distinguished fellow at the Observer Research Foundation, a New Delhi-based think tank.


Washington must overcome years of mistrust by India, brought on by the Cold War and over US support of Pakistan.


In a recent speech in New Delhi, the commander of the US Pacific Command, Admiral Harry B. Harris Jr., was nearly poetic when he discussed the growing relationship between India and the United States. ‘‘In the not-too-distant future, American and Indian Navy vessels steaming together will become a common and welcome sight throughout Indo-Asia-Pacific waters,’’ Harris said.


But just a few days later, India’s defense minister, Manohar Parrikar, publicly rebuked him, saying India does not participate in joint patrols.


Prime Minister Narendra Modi of India will arrive in Washington on Monday to meet President Obama and address Congress.




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I really hate the western governments coming for China. Without slavery or colonizations the western world wouldn't be what they are today. They have absolutely no place to tell what other developing countries should do (except for nuclear weapons for obvious reasons). It's like you robbed 5 candies by killing 50 kids but when another person tries to steal two candies you are the first one to step up and scream "you can't do that it's illegal!!!".

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Guest Mauro

Yes, the Western world is sooooo evil, so horrible, so backwards. China is #1 when it comes to human rights. Meanwhile, in the real world. :lol:

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Yes, the Western world is sooooo evil, so horrible, so backwards. China is #1 when it comes to human rights. Meanwhile, in the real world. :lol:

Yes, 'cause that's exactly what I meant.

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Why are you bringing up human rights when the topic at hand is basically about the west bullying another sovereign country into doing what they want? Duh, China fucking sucks.

It's so hard to take you seriously. You clearly didn't read the article and then you always write off everyone's opinion. You're like those weird people who go off on rants in the NPR comments section and say things that clearly show they didn't even read the article. You're just always trying to prove everyone wrong.

At the end of the day, when angry and extremely defensive people such as yourself allow this crap to go on and laugh at anyone who questions what we're supposed to believe, the only thing you're going to help accomplish is an extremely powerful and angry China, Russia, Iran, Brazil, etc.

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Yes, the Western world is sooooo evil, so horrible, so backwards. China is #1 when it comes to human rights. Meanwhile, in the real world. :lol:

Quite a simplistic reading of unfolding events, the same one that a lot of people use when they comment on terrorism, failing to see the connected dots within the context of a bigger frame. The US élites are hiding to the American public the fact that the world is steadfastly moving away from the dollar as the global reserve currency. The Fed has been really printing money like there's no tomorrow and so has the ECB with Draghi. The gold market has been heavily manipulated. They keep telling people that austerity has worked and there are modest signs of recovery, keeping those interest rates too low for too long. Only to bring them up again at just about THEIR convenient time. The bubble is about to burst again in an even more toxic and disruptive fashion than it did in 2008. They are looking at BRICS countries very closely now. Hawkishly. Wars are always intrinsically connected to monetary, trade and financial issues. I don't see anything funny in what's going on around the world, on several levels. But I understand why a lot of people will only wake up to it AFTER the events have taken place.

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