U.S.-China trade ties must be rebalanced: Gary Locke

Reuters News
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Posted: May 26, 2011 10:49 AM
U.S.-China trade ties must be rebalanced: Gary Locke

WASHINGTON (Reuters) - U.S.-China economic ties must be rebalanced through implementation of Chinese market opening pledges that end the pattern of "China making and the United States taking," Commerce Secretary Gary Locke told a U.S. Senate hearing on Thursday.

"Rebalancing our economic relationship will require the type of market opening that the implementation of these commitments will bring," Locke told a Senate Foreign Relations Committee confirmation hearing on his nomination to be the next U.S. ambassador to China.

(Reporting by Paul Eckert; Editing by Vicki Allen)