ID :
183097
Thu, 05/19/2011 - 11:10
Auther :
Shortlink :
https://oananews.org//node/183097
The shortlink copeid
US ASSURES ASIA OF ITS ECONOMIC RECOVERY
KUALA LUMPUR (Bernama) - The US has assured Asia that its economy
is recovering well with a growth of 1.8 per cent in the first quarter of this
year, and an increasing consumer demand.
"Our recovery is moving along well as we continue to add jobs to our payroll
and our consumer sector continues to increase demand and consumption," deputy US
Treasury Secretary Neal S Wolin told the Malaysian press Wednesday.
Despite some headwinds, he said the private sector had forecast the US
economy to grow between three and four per cent in the next couple of years.
Wolin was on a one-day visit to Malaysia as part of his trip to Australia
and also Singapore and Indonesia.
When asked whether the visit was due to concerns over China, he stressed
that it had nothing to do with that but rather to further relationship and
deepen US ties with the said nations.
As to whether it considered China a friend or a threat economic wise, he
said the US had made significant progress in its relationship with China in the
past two years.
"We have been working with China bilaterally and multilaterally in G20 as
they begun to re-orient their economy from the export-led to one that is based
on domestic demand," he added.
He said the US had also been discussing with China in making sure that there
was a level playing field with respect to companies competing in the republic,
in terms of intellectual property rights and the government procurement area.
"We see progress and more progress to be made with substantial amount of
engagement going forward," he added.
As for Malaysia, he said he expected a lot of opportunities for American
investors in Malaysia.
"It's quite interesting that while I am here in Malaysia trying to continue
our G to G relationship, the (Malaysian) prime minister is in New York having
meetings trying to further our engagement from that side of the world as well,"
he added.
Wolin said Prime Minister Najib Tun Razak's visit to the United
States would further interest Americans into investing in Malaysia.
Najib started a three-day working visit to the US on May 17.
is recovering well with a growth of 1.8 per cent in the first quarter of this
year, and an increasing consumer demand.
"Our recovery is moving along well as we continue to add jobs to our payroll
and our consumer sector continues to increase demand and consumption," deputy US
Treasury Secretary Neal S Wolin told the Malaysian press Wednesday.
Despite some headwinds, he said the private sector had forecast the US
economy to grow between three and four per cent in the next couple of years.
Wolin was on a one-day visit to Malaysia as part of his trip to Australia
and also Singapore and Indonesia.
When asked whether the visit was due to concerns over China, he stressed
that it had nothing to do with that but rather to further relationship and
deepen US ties with the said nations.
As to whether it considered China a friend or a threat economic wise, he
said the US had made significant progress in its relationship with China in the
past two years.
"We have been working with China bilaterally and multilaterally in G20 as
they begun to re-orient their economy from the export-led to one that is based
on domestic demand," he added.
He said the US had also been discussing with China in making sure that there
was a level playing field with respect to companies competing in the republic,
in terms of intellectual property rights and the government procurement area.
"We see progress and more progress to be made with substantial amount of
engagement going forward," he added.
As for Malaysia, he said he expected a lot of opportunities for American
investors in Malaysia.
"It's quite interesting that while I am here in Malaysia trying to continue
our G to G relationship, the (Malaysian) prime minister is in New York having
meetings trying to further our engagement from that side of the world as well,"
he added.
Wolin said Prime Minister Najib Tun Razak's visit to the United
States would further interest Americans into investing in Malaysia.
Najib started a three-day working visit to the US on May 17.
