China is complaining that the new U.S. $1.1 trillion budget passed by Congress hits Chinese chicken growers and otherwise “discriminate against Chinese companies, violate the principles of fair trade and send the wrong signal, ” International Business Times reported.
China’s Commerce Ministry’s website has voiced strong opposition to the $1.1 trillion budget passed by both houses of Congress (the Senate vote came on Saturday), to avoid a government shutdown which could have otherwise begun at midnight, December 11.
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China says the House version of the bill, passed on Nov. 11, includes clauses make it difficult or prohibit altogether purchases from Chinese companies.
According to IBN, one such clause prohibits U.S. government purchases of Chinese processed poultry products for school lunches.
It also curbs the purchase of Chinese IT systems.
“These provisions not only affect the normal business cooperation between enterprises, but also harm the interests of the U.S. itself, ” Ministry of Commerce spokesman Sun Jiwen stated.
“China urges U.S. to take effective measures to correct the erroneous practice and create a favorable environment for the healthy development of Sino-U.S. economic and trade relations.”
The Chinese hope to influence the two houses’ consolidated version of the budget, so that the bill President Obama eventually signs will provide for American school children getting all the Chinese processed chickens they desire.
According to the Associated Press, China now holds just under $1.32 trillion in US Treasury debt.
As of January, 2014, overall foreign holdings of the U.S. Treasury debt stood at $5.72 trillion.
That’s a lot of chickens.
