News / Asia

Chinese Vice President Meets With US Business Leaders

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

Video On The Scene: In Gaza, Darkness Brings Dread and Death

Palestinians fear nighttime bombardment, VOA correspondent finds More

African Small Farmers Could Be Key to Ending Food Insecurity

Experts say providing access to microloans, crop insurance, better storage facilities, irrigation, road systems and market information could enable greater production More

University of Michigan Wins Solar Car Race

Squad guided its student-designed solar-powered vehicle to fifth consecutive time victory in eight-day bi-annual American Solar Challenge 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.
Vietnamese Staging Chinese Product Boycott After Oil Rig Spati
X
Reasey Poch
July 28, 2014 7:18 PM
China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video ESA Spacecraft to Land on a Comet

After a long flight through deep space, a European Space Agency probe is finally approaching its target -- a comet millions of kilometers away from earth. Scientists say the mission may lead to some startling discoveries about the origins of the water on earth. VOA’s George Putic has more.
Video

Video Young Africans Arrive in US for Leadership Program

President Barack Obama's Young African Leadership Initiative has brought hundreds of young Africans to the United States for a six-week program aimed at building their knowledge and skills in fields such as public administration and business. Out of the 50,000 young Africans who applied for the program, just one percent was accepted. VOA's Laurel Bowman caught up with some of those who made the cut and has this report.
Video

Video In Honduras, Amnesty Rumors Fuel US Migration Surges

False rumors in Central America are fueling the current surge of undocumented young people being apprehended at the U.S. border. The inaccurate claims suggest the U.S. will give amnesty to young migrants from the region. As VOA's Brian Padden reports from Honduras, these rumors trace back to President Obama's 2012 executive order to halt deportations for some young undocumented immigrants already living in the United States.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.

AppleAndroid