In his fourth visit to China since being named U.S. Secretary of Commerce in February 2005, Carlos Gutierrez delivered a briefing to AmCham Shanghai immediately following visits with Premier Wen Jiabao, Vice Premier Wu Yi and Commerce Minister Bo Xilai in Beijing. He shared outcomes of those discussions and outlined his longer-term goals for U.S.-China commercial ties.

The Secretary began by commending China on its “remarkable” accomplishments over the past 25 years including lifting more than 200 million Chinese citizens out of poverty, reducing adult illiteracy by two-thirds and growing the economy by an average of 10 percent annually. Most impressive, he said, is the fact that China now trades more with the U.S. in one month than it did with the entire world in 1980.

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