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China Welcomes Bush's Request to Grant NTR Extension
China Thursday welcomed US President George W. Bush's request to the Congress to extend Normal Trade Relations (NTR) status for another year.
This represents the basis of the normal trade between the two nations, said Foreign Ministry spokesman Zhu Bangzao at the regular press conference.
Bush Tuesday said that the United States trades with China because trade is "a good policy" for "our economy" and for "our national security."
"Because trade creates prosperity...I will notify Congress on June 1 that I intend to extend normal trade relations status with China for another year," he said.
Last year, U.S. Congress passed legislation granting China Permanent Normal Trade Relations (PNTR) as soon as the country enters the World Trade Organization.
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