Chinese vice premier meets with U.S. commerce secretary

U.S. commerce chief eyes improving two-way trade with China

TIANJIN, May 22 (Xinhua) — The United States is looking forward to improving two-way trade with China, which is a very important market for U.S. services and products, U.S. Commerce Secretary Gary Locke said Saturday.

Locke made the remarks on a trip to the northern port city of Tianjin ahead of the Second China-U.S. Strategic and Economic Dialogue early next week.

He is leading executives of 24 clean energy companies including General Electric Co., First Solar Inc., and Boeing Co. in the Obama administration’s first cabinet-level trade mission.

The trade mission came as he seeks to deliver on U.S. President Barack Obama’s pledge to double exports and create 2 million jobs by 2015.

The U.S. would work to ensure a level playing field when the U.S. companies came to do business in China and ultimately expand two-way trade, he told a press briefing.

The trade mission aimed to promote sales of U.S. clean technology services and products to cash in on the huge business opportunities in China.

Chinese Minister of Commerce meets with U.S. Commerce Secretary

Retailing giant Wal-Mart to expand business in China

BEIJING, May 22 (Xinhua) — Wal-Mart plans to add 10 million square feet of retailing space in China this year, said a senior executive of the world’s largest retailer Saturday.

The plan was disclosed by Scott Price, CEO of Wal-Mart Asia, while addressing the Global Summit of Women 2010 which ended in Beijing Saturday.The summit opened on Thursday evening.

“This is a huge expansion of Wal-Mart in China,” said Price, who added that Wal-Mart now has some 200 stores in 87 cities in China.

The retailer will also employ more women, and reduce its energy and resource consumption by 40 percent this year compared with 2005, Price said.

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