Gary Locke

According to Reuters, “Commerce Secretary Gary Locke will press for more access for American companies in China’s clean energy sector, an area where Washington feels it can make inroads on its enormous trade imbalance with China.

China’s ambitious wind power plans, as well as national policies to reduce emissions and use water and fuel more efficiently, create a potential market for U.S. firms who have developed those technologies, Locke said in Hangzhou before the annual Joint Commission on Commerce and Trade (JCCT) meeting.

China’s overcapacity in some sectors, including solar panels, drive low-cost exports that have created friction with trading partners, while Western firms have complained they are cut out of China’s most lucrative domestic projects.

‘These are the issues we’ve been raising in a number of discussions that are part of the JCCT. Our objective is to allow American companies to compete,’ Locke told reporters, in response to a question about market access for U.S. firms.”

Source: Reuters