[Congressional Record Volume 141, Number 11 (Thursday, January 19, 1995)]
[Senate]
[Page S1236]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   SENATE CONCURRENT RESOLUTION 2--RELATIVE TO THE REPUBLIC OF CHINA

  Mr. DORGAN submitted the following concurrent resolution; which was 
referred to the Committee on Finance:

                             S. Con. Res. 2

       Whereas the trade surplus of the People's Republic of China 
     with the United States has exploded in recent years, 
     increasing from $3,500,000,000 in 1988 to about 
     $30,000,000,000 in 1994;
       Whereas the United States share of the People's Republic of 
     China's wheat imports has decreased from 52 percent in 1988 
     to between 30 and 40 percent in the past 5 years;
       Whereas the Government of the People's Republic of China 
     has chosen to increase its purchases of wheat from other 
     exporting nations despite the incentives the United States 
     offers to the People's Republic of China to make United 
     States wheat competitive in the world market; and
       Whereas the People's Republic of China's reduction in 
     purchases of United States wheat during a period of rapid 
     growth in the People's Republic of China's trade surplus with 
     the United States aggravates the serious trade imbalance 
     between the 2 nations: Now, therefore, be it
       Resolved by the Senate (the House of Representatives 
     concurring), That it is the sense of the Congress that the 
     President, acting under his authority in trade matters, 
     should insist that the Government of the People's Republic of 
     China purchase a majority of the wheat it imports from the 
     United States as an indication that the People's Republic of 
     China is concerned about the trade imbalance between the 2 
     nations and wants to restore a healthy, reciprocal trading 
     partnership.

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