China says consensus in U.S. is for good China ties

BEIJING, Nov 4 (BestGrowthStock) – The consensus for both major
U.S. political parties is to maintain good relations with
China, the Chinese Foreign Ministry said on Thursday in the
country’s first official response to this week’s mid-term U.S.
elections.

U.S.-China tensions have flared up this year over business
and trade, long the basic glue in a relationship between powers
who differ sharply over human rights, climate change, and flash
points such as Taiwan, Iran and North Korea.

“The long-term stable and healthy development of Sino-U.S.
relations is in the fundamental interests of the peoples of
both countries,” Foreign Ministry spokesman Hong Lei told a
news briefing.

“It is also conducive to global peace and development. This
is, as well, the consensus of both U.S. parties and of U.S.
society,” Hong added.

“We especially need to work with the U.S. side to develop
positive, cooperative and comprehensive Sino-U.S. relations in
the 21st century,” he said.

Hong would not comment directly on the results of the
election, as he said this was an “internal matter” for the
United States.

U.S. voters, anxious about the economy and unhappy with
President Barack Obama’s leadership, punished Democrats in an
election rout on Tuesday that gave House control to Republicans
and weakened the Democratic majority in the Senate.

During the election campaign, some Democrats accused China
of pilfering U.S. jobs by suppressing the value of its yuan
(CNY=: ) currency and rigging its economy to favour Chinese state
companies against U.S. investors.

In the last official business before they broke for the
campaign, the House raised China’s ire by passing a law that
would treat an undervalued currency as an unlawful subsidy that
could be remedied by duties on selected Chinese goods.

But Senate follow-up on the House action is far from
certain when the outgoing Congress sits for a brief “lame duck”
session later this month to conduct unfinished business.

(Reporting by Ben Blanchard and Sabrina Mao; Editing by Ken
Wills)

China says consensus in U.S. is for good China ties