[Congressional Record Volume 146, Number 56 (Tuesday, May 9, 2000)]
[House]
[Page H2660]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
PERMANENT NORMAL TRADE RELATIONS WITH CHINA
(Mr. ARMEY asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. ARMEY. Mr. Speaker, the coming vote to expand our trade with
China is a vote for the new economy. It is a vote that will clearly
show whether the Members in this Congress are in favor of advancing
America's high-tech economy or whether they want to flee from that
future into the failed protectionist policies of the past.
Mr. Speaker, China is a key market for America's high-tech industry.
It is now the second largest information technology market in Asia,
second only to Japan.
It is an information technology market that is growing at 20 to 40
percent annually. Next year, China will be the third largest
semiconductor market in the world, and by 2010 it will be the number
two largest.
This is a boon for America and for the Chinese people. As information
technology spreads in China, it will help the Chinese learn about their
government and, more importantly, the world beyond. It will encourage
democratic reform in China and help make China a more free and open
society.
Mr. Speaker, our high-tech industry got everything it needed in the
trade agreement with China. We must not throw that away.
Mr. Speaker, I urge my colleagues to approve PNTR. A vote for
permanent normal trade relations is a vote for the new economy.
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