[Congressional Record Volume 143, Number 147 (Tuesday, October 28, 1997)]
[House]
[Pages H9563-H9564]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
A HISTORIC VISIT
The SPEAKER pro tempore. Under the Speaker's announced policy of
January 21, 1997, the gentleman from Florida [Mr. Stearns] is
recognized during morning hour debates for 5 minutes.
Mr. STEARNS. Mr. Speaker, I rise to talk about a very controversial
and
[[Page H9564]]
highly important historical event. I am speaking about the visit of
China's President Jiang Zemin to our Nation. President Jiang's visit
will be the first visit for a Chinese leader since Deng Xiaoping was
received by President Carter in 1979.
The relationship between China and the United States will be the
world's most important and most interesting in the dawn of the
unfolding millennium. This visit will help set the table of whether
this relationship will be based on distrust and animosity that will
give rise to a new global confrontation between two giant superpowers
or if this relationship will be based upon a working relationship of
understanding and mutual respect between two partners.
I would like to see the latter relationship develop, but I believe
its development will be based upon China's willingness to be a global
leader that applies the standards of democracy and true free markets to
their own Nation. The term ``comprehensive engagement'' is being used
to detail the talks this week. I believe most of us in Congress and
most of our Nation desires a peaceful relationship with China and to be
engaged comprehensively. But the administration has to prioritize the
issues of contention between our nations in order to make President
Jiang's visit an achievement.
As one observer has said, this summit will demand something that the
Clinton administration has yet to produce, a clearly articulated set of
priorities. Without prioritizing United States interests in China, the
administration's present construct of engagement is meaningless. What
China needs to do is to change its domestic law and make a commitment
that it will uphold international obligations embodied in applicable
international treaties.
One of the larger problems with China is its current trade imbalance.
The trade deficit with China reached $40 billion in 1996 alone, and it
is expected that the 1997 trade deficit with China will be even
greater. This translates into amazing figures that every American
spends approximately $150 a year more on Chinese goods than China
spends on United States products. President Clinton should urge
President Jiang to work to reduce tariffs and nontariff barriers to aid
United States businesses who are trying to compete in China.
As it seems with most of our trading partners, it is easier for
Chinese products to enter into the United States than for American
products to have access to the Chinese market. Reducing applicable
tariffs will encourage United States sales and will help reduce the
trade imbalance with China.
Another factor, Mr. Speaker, in opening up the Chinese market will be
to encourage President Jiang to dismantle as quickly as possible the
overwhelming amount of state-owned enterprises. The traditional
bureaucratic state control of businesses acts as an economic drag and
increases the tendency for trade deficits. By privatizing these
enterprises China will allow market forces to determine their success
and would allow United States companies an even playing field in order
to compete.
China's No. 1 economic priority is to ascend to the World Trade
Organization. The United States should continue resisting China's
membership to the WTO unless they begin reducing their own tariffs and
if they begin adhering to international legal standards as if it
applies to business contracts and other legal norms.
In addition, Mr. Speaker, China lacks many of the laws that apply to
global commerce. China needs the proper legal infrastructure regarding
contracts, private property ownership and arbitration in order to
support China's continued economic growth.
{time} 1100
So the United States businesses receive the legal protection to
operate in full capacity in the Chinese market.
China needs to adhere to democratic values. They must continue the
development of democratic values in China that should receive priority
attention on the summit's agenda. Other things, such as religious
persecution, international covenants on human rights, legislative and
judicial exchanges, and grassroots democracy must also be on the
agenda. A modern, open, legislative and judicial system in China is
necessary to protect religious, economic and political freedoms.
In conclusion, Mr. Speaker, this morning I hope the visit of
President Jiang is a first step in resolving our differences with
China, and I hope that President Jiang will follow up on some of the
things we talked about this morning. That will be a significant
accomplishment.
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