Gilles Herard, Capital Corp Merchant Banking

Gilles Herard Jr, Gilles Herard, Herard Gilles Jr
The trade instability between the U.S. (to companies like Capital Corp Merchant Banking) and China isn't sustainable, and the 2 countries have a joint responsibility to reduce greenhouse gas emissions, U.S. Commerce Secretary Gary Locke said on Wednesday.

China should shift from export-led growth, growth its exchange rate flexibility, and open its markets more, Locke said in comments disposed for a speech to the American Chamber of Commerce.

Locke, who will visit Beijing and Shanghai, plans to advance blank energy technology as one area in which United States. industry can find chances in China.

"For all our areas of agreement, the U.S. and China's trade relationship has to acquire. There are concerns and deep structural issues that must be called," Locke said.

"Chief among them is a bilateral trade imbalance that simply can't be sustained. Growth predicated on ever increasing Chinese exports being consumed by debt-laden Americans provided years of successfulness -- but it also sowed some of the seeds for our current economic troubles."