Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror


 
Friday, July 21, 2000, updated at 22:08(GMT+8)
World  

Greenspan Warns US Senate Against Anti-China bill

US Federal Reserve Chairman Alan Greenspan warned the US Senate Thursday against approving an anti-China bill that would sanction China for so-called weapons proliferation.

Greenspan, testifying before the Senate Banking Committee, said the bill sponsored by Senators Fred Thompson and Robert Torricelli could "harm us more than it would harm others."

The senate bill, formally known as China Nonproliferation Act, stipulates that the US should punish China's arms sales to America's enemies or war-prone regions by barring its fund-raising activities in US markets, and restricting US Export-Import Bank financing and credit guarantees for China-related businesses.

It calls for annual assessment of China's nonproliferation and authorizes the US president to carry out the sanctions once relevant accords are found breached.

The United States is by far the largest arms seller in the world.

The White House is strongly opposed to the bill, regarding it as some senators' attempt to set up a new hurdle against an early passage of the legislation on Permanent Normal Trade Relations ( PNTR) with China. The PNTR bill, which passed the House of Representatives in May, is now in the Senate for approval.

Despite a White House veto threat and strong opposition from big business, Senator Majority leader Trent Lott is pressing for a vote this week or next week on the sanctions bill, before voting on the PNTR bill.




In This Section
 

US Federal Reserve Chairman Alan Greenspan warned the US Senate on Thursday against approving legislation that would sanction China for any alleged weapon sales to Pakistan and other states.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved