Page:United States Statutes at Large Volume 119.djvu/3489

 PUBLIC LAW 109–163—JAN. 6, 2006

119 STAT. 3471

(F) China is developing a leading-edge military with the objective of intimidating Taiwan and deterring United States involvement in the Taiwan Strait, and China’s qualitative and quantitative military advancements have already resulted in a dramatic shift in the cross-Strait military balance toward China; and (G) China’s growing energy needs are driving China into bilateral arrangements that undermine multilateral efforts to stabilize oil supplies and prices, and in some cases may involve dangerous weapons transfers. (2) On March 14, 2005, the National People’s Congress approved a law that would authorize the use of force if Taiwan formally declares independence. (b) SENSE OF CONGRESS FOR COMPREHENSIVE STRATEGY.—It is the sense of Congress that the President should present to Congress quickly a comprehensive strategy to— (1) address the emergence of China economically, diplomatically, and militarily; (2) promote mutually beneficial trade relations with China; and (3) encourage China’s adherence to international norms in the areas of trade, international security, and human rights. (c) CONTENTS OF STRATEGY.—The strategy referred to in subsection (b) should address the following: (1) Actions to address China’s policy of undervaluing its currency, including— (A) encouraging China to continue to upwardly revalue the Chinese yuan against the United States dollar; (B) allowing the yuan to float against a trade-weighted basket of currencies; and (C) concurrently encouraging United States trading partners with similar interests to join in these efforts. (2) Actions to make better use of the World Trade Organization (WTO) dispute settlement mechanism and applicable United States trade laws to redress China’s trade practices, including— (A) exchange rate manipulation; (B) denial of trading and distribution rights; (C) insufficient intellectual property rights protection; (D) objectionable labor standards; (E) subsidization of exports; and (F) forced technology transfers as a condition of doing business. (3) The United States Trade Representative should consult with United States trading partners regarding any trade dispute with China. (4) Actions to encourage United States diplomatic efforts to identify and pursue initiatives to revitalize United States engagement in East Asia. The initiatives should have a regional focus and complement bilateral efforts. The Asia-Pacific Economic Cooperation forum (APEC) offers a ready mechanism for pursuit of such initiatives. (5) Actions by the administration to work with China to prevent proliferation of prohibited technologies and to secure China’s agreement to renew efforts to curtail commercial export by North Korea of ballistic missiles.

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