US Secretary of State Colin Powell said on Monday that China's
economic growth benefits American consumers.
Powell, who made the remarks in an address delivered at University
of Louisville, Kentucky, said while he was accompanying President
George W. Bush to attend the APEC
summit in Shanghai a few weeks ago, he was "amazed" at how the city
of Shanghai had grown compared with 30 years ago when he visited
Shanghai.
"China's remarkable growth in the past two decades has come from
investing the savings of the Chinese people, from the capital of
foreign business people and from the profits earned by the Chinese
exporters", he said of the US-China relations in the speech
focusing mainly on the US Middle East policy.
At
the same time, he said, "China's growth benefits American
consumers, the average American citizen, who can find good value in
a Chinese product at a local store."
Powell said that the two-way trade helps everyone and benefits both
societies.
(
November 20, 2001)