News / Asia

Chinese Vice President Meets With US Business Leaders

TEXT SIZE - +

The man widely expected to become China's next Communist Party leader delivered a major policy address before American business leaders on Wednesday.  Ahead of the speech, Chinese Vice President Xi Jinping and U.S. Vice President Joe Biden jointly announced progress on a number of key commercial and trade issues between the two countries.

Picked to introduce the man many believe will be China's next leader, former U.S. Secretary of State Henry Kissinger said never has the world faced so many simultaneous challenges.

"Mr. vice president, you come here at a crucial moment," Kissinger said.

Amid such high expectations, China's political heir apparent told American business leaders that the time is ripe for a historical reset in U.S.-China relations. To do that Xi says both sides must invest in trust.

"According to a Chinese saying, without trust, one can achieve nothing.  China and the United States have important interwoven interests.  For us, strategic trust is a foundation for mutually beneficial cooperation, and greater trust will lead to broader cooperation," Xi said.

But trust is hardly a one way street.  Earlier, U.S. Vice President Joe Biden said the relationship between the two countries will shape the 21st century.

"But cooperation as you and I have spoken about can only be mutually beneficial if the game is fair," Biden said.    

Despite ongoing conflicts over trade and a Chinese currency that Western financial experts say remains severely undervalued, Vice President Xi notes that China has taken great pains to accept more exports from the United States.  In return, Xi urged the U.S. to ease restrictions on some goods going to China.

"In particular, easing controls on civilian hi-tech exports to China as soon as possible. This will help balance China-U.S. trade, stimulate economic growth and job creation in the United States and improve the balance of U.S. international payments," Xi said.

China is America's second largest trading partner.  And in the past two years, U.S. exports to China have more than doubled, even as the U.S. trade deficit continues to widen.  

Xi says both sides will continue to work out differences, but where U.S. and Chinese interests converge, Xi insists China be treated as an equal partner.

"China welcomes the constructive role by the United States in promoting peace, stability and prosperity in the Asia Pacific. At the same time, we hope the United States will respect the interests and concerns of China and other countries in this region," he said.

Despite some tough talk on policy differences, the Chinese leader expressed a deep interest in cultivating American friendship. His next stop is the Midwestern state of Iowa where he plans to reconnect with people he met at a farming community nearly three decades ago.

You May Like

Algerians Vote in Presidential Election

There were few media reports of protests and clashes around the country, but so far no significant violence More

Sharks More Evolved than Previously Thought

The discovery could “profoundly affect our understanding of evolutionary history” More

Pakistan Military Asked to Protect Polio Workers

Request comes as authorities say a Taliban ban on vaccinations in 2012 and deadly attacks on anti-polio teams have prevented thousands of children from getting inoculated More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid