News / Asia

US Vice President to Discuss Economic Issues in China

US Vice President Joe Biden (file photo)
US Vice President Joe Biden (file photo)

Steps the United States is taking to get its fiscal house in order will be a key topic during a three-country Asia tour by Vice President Joe Biden.  Mr. Biden sets off Tuesday on the trip to China, Mongolia and Japan.  

U.S. officials say Mr. Biden will use his talks with Chinese leaders, including Vice President Xi Jinping who is anticipated to succeed President Hu Jintao next year, to emphasize that the United States is moving firmly to tackle its fiscal problems.

During the difficult and divisive negotiations between President Barack Obama and Congress for a debt and deficit compromise, China's state-run Xinhua news agency said political battles in Washington were jeopardizing the global economy.

Briefing reporters, Treasury Department Under Secretary for International Affairs Lael Brainard said Biden will talk about "the very strong deficit reduction package" President Obama signed into law.

Saying the United States "has the capacity, the will, and the commitment" to tackle its fiscal and economic challenges, Brainard noted the stake that China has in a successful U.S. fiscal strategy, namely more than $1 trillion invested in treasury securities. "There continues to be extremely strong investor demand for U.S. treasury securities, recognizing that this market continues to be the deepest, most liquid in the world.  And I think recognition widely in China and around the world is that the U.S. economy remains the most flexible and the most innovative," he said.

Brainard said Biden's visit will also be an opportunity discuss key bilateral economic issues.  These include the need to continue moving away from protectionism, further steps to allow China's currency to appreciate against the dollar and the need to reorient China's economy to be based more on domestic demand than on exports.

The invitation to Biden to visit China was issued by President Hu during his Washington visit in January.  In addition to visiting Beijing, where he will meet U.S. and Chinese business leaders, Biden is expected to deliver a speech on Sino-American relations at Sichuan University in Chengdu.

National Security Adviser to the vice president, Tony Blinken, says Biden is well-positioned to deliver this message. "As two great powers and global actors in this century, China and the U.S. face many similar challenges and share many common responsibilities.  And the vice president and president have the conviction that the more we can act on those challenges and responsibilities together, then the more the world will benefit," he said.

Blinken says one of the main purposes of the visit is to get to know China's future leadership and build a relationship with Vice President Xi.

Daniel Russel is Senior Director for Asian Affairs on the National Security Council. "This will be the first time that a very senior U.S. official has spent a substantial amount of time with Vice President Xi Jinping," he said.

On human rights issues, NSC official Daniel Russel says Mr. Biden will continue to reinforce the U.S. view that there is "great value" in China renewing dialogue with representatives of the Dalai Lama.

President Obama and the Dalai Lama, both Nobel Peace Prize laureates, met at the White House last month.  China criticized the meeting, calling it interference in China's affairs.

Mr. Biden will also visit Mongolia, where he will be the first U.S. vice president to visit there since 1944.  Talks in Mongolia will focus on the country's transition to democracy, and expanding economic and defense cooperation with the United States.  Mongolia's president visited the White House in June.

In Japan, the vice president's talks will focus on recovery efforts after the so-called "triple disaster" of the earthquake, tsunami and nuclear accident as well as alliance and security issues, including North Korea.

The Biden trip to Asia kicks off what U.S. officials describe as a busy diplomatic calendar of Asia-Pacific events in coming months.

President Obama will host the Asia-Pacific Economic Cooperation summit in Honolulu in November, and then travel to Bali for the East Asia Summit.

You May Like

Ebola Death Toll Nears 5,000 as Virus Advances

West Africa bears heaviest burden; Mali toddler’s death raises new fears More

Jordan’s Battle With Islamic State Militants Carries Domestic Risks

Despite Western concerns that IS militants are preparing a Jordanian offensive, analysts call the kingdom's solid intel a strong deterrent More

Asian-Americans Assume Office in Record Numbers

Steadily deepening engagement in local politics pays off for politicians like Chinese-American Judy Chu 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.
Talks to Resume on Winter Gas for Ukrainei
X
Al Pessin
October 25, 2014 4:21 PM
Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Talks to Resume on Winter Gas for Ukraine

Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video Comanche Chief Quanah Parker’s Century-Old House Falling Apart

One of the most fascinating people in U.S. history was Quanah Parker, the last chief of the American Indian tribe, the Comanche. He was the son of a Comanche warrior and a white woman who had been captured by the Indians. Parker was a fierce warrior until 1875 when he led his people to Fort Sill, Oklahoma, and took on a new, peaceful life. As VOA’s Greg Flakus reports from Cache, Oklahoma, Quanah’s image remains strong among his people, but part of his heritage is in danger of disappearing.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.
Video

Video US ‘Death Cafes’ Put Focus on the Finale

In contemporary America, death usually is a topic to be avoided. But the growing “death café” movement encourages people to discuss their fears and desires about their final moments. VOA’s Jerome Socolovsky reports.
Video

Video Ebola Orphanage Opens in Sierra Leone

Sierra Leone's first Ebola orphanage has opened in the Kailahun district. Hundreds of children orphaned since the beginning of the Ebola outbreak face stigma and rejection with nobody to care for them. Adam Bailes reports for VOA about a new interim care center that's aimed at helping the growing number of children affected by Ebola.

All About America

AppleAndroid