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No.247 SIM音読用英文

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US Urges Energy Cooperation With China
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The United States remains the world's largest consumer of energy,

but China's energy consumption is growing

at the world's fastest pace.

Both nations rely heavily

on imported fuel, particularly oil,

and the current spike

in global oil prices

is inflicting pain

on both sides of the Pacific.

Treasury Secretary Paulson says

the United States and China have common problems and common interests

when it comes to energy.

"As the two largest net-importers of oil,

China and the United States face similar challenges.

We have a strong and shared interest

in avoiding supply disruptions,

increasing energy efficiency,

promoting the efficiency and transparency

of global energy markets

to the benefit of all oil-importing nations,

and expanding the availability and use

of alternative energy sources."

Paulson was speaking

at the Carnegie Endowment for International Peace.

He said he looks forward

to speaking with his Chinese counterpart and other officials

during next week's meeting

of the U.S.-China Strategic Economic Dialogue

in Annapolis, Maryland-

the organization's fourth Cabinet-level meeting.

Paulson noted

that China has embraced price controls

in an effort to curb soaring energy costs.

He said the United States implemented a similar program in the 1970s

with disastrous results:

severe fuel shortages and a reduction in investments

to boost energy supplies.

He urged China

to allow greater reliance on the free market

to determine energy prices,

while also embracing new technologies

to reduce consumption and promote conservation.

The Secretary said

Strategic Economic Dialogue discussions will go beyond energy matters

to include overall trade

between the two countries,

currency valuation,

the markedly high savings rate in China

and the markedly low U.S. savings rate,

as well as environmental issues.

Paulson said the United States will continue

to marshal funds and resources

to assist China

as it struggles to recover

from last month's devastating earthquake and subsequent aftershocks.


Michael Bowman, VOA News, Washington
by danueno | 2008-06-16 15:35 | SIM音読用英文


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