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Xi Jinping Meets with US Delegates Attending 7th Round of Dialogue Between Chinese and US Business Leaders and Former Senior Officials

2015/09/17

On September 17, 2015, President Xi Jinping met with US delegates attending the 7th round of dialogue between Chinese and US business leaders and former senior officials at the Great Hall of the People.

Xi Jinping pointed out that mutual benefit and win-win results are the essence of China-US relations. Mutually beneficial cooperation between the two countries in bilateral, regional and global levels not only brings tangible benefits to the two countries and peoples, but also makes great contributions to regional and global peace, development and prosperity. With a vision toward the future, fields in which China and the US should and can cooperate will be wider. Between China and the US, although there exist some divergences other than those important common interests, as long as both sides can take a wider view, respect and accommodate each other's core interests, avoid strategic misunderstanding and misjudgments, and adhere to appropriate handling in a constructive manner, those divergences can be controlled and the common interests can be maintained. We are committed to making joint efforts with the US side to build a new model of major-country relations between the two countries. If the goal can be achieved, it will be good for the Chinese and US people, as well as for the world peace and development.

Xi Jinping pointed out that the growth of China's economy is leading in that of the world's major economies. Currently, the slowdown of China's economic growth, which draws the attention of the international community, is actually the result of our development pattern transformation and economic restructuring overlaid with the digestion period of the stimulus policies at the earlier stage. We will continue to comprehensively deepen the reform and actively transform the economic development pattern, so as to enable the market to play a decisive role in allocating resources. Meanwhile, we will give a better play to the government, continually improve the quality and efficiency of economic growth, and strengthen the potential for future economic development. China's economy still enjoys great potential, enough space for maneuver and inherent toughness, and is fully capable of maintaining medium- to-high speed growth for a long period.

Xi Jinping emphasized that over the 36 years since the establishment of China-US diplomatic relations, economic and trade cooperation between the two sides has not only brought abundant profits and returns to enterprises of the two countries, but also energetically boosted economic and social development of the two nations, achieving mutual benefit and win-win results. In the future, both sides need to intensify macroeconomic policy coordination and work together to promote global economic growth. As the two biggest economies in the world, China and the US are responsible for enhancing guidance in international economic cooperation, maintaining stability in international finance, propelling reform in global economic governance, and strengthening the long-term growth potential of the world economy. We should actively push facilitation of the bilateral trade and investment. China will stick to the state policy of reform and opening up. The US business circle is the direct beneficiary of China's reform and opening up, and it is hoped that you will support China's reform and opening up with a more positive attitude.

Xi Jinping pointed out that at the invitation of President Barack Obama, I will pay a state visit to the US several days later. I stand ready to exchange in-depth views with President Barack Obama on major issues of common concern and make extensive contacts with all sectors of the US society to discuss together the blueprint of bilateral relations. I hope that with the joint efforts of China and the US, this visit will deepen the friendship between our two peoples, expand bilateral practical cooperation in various areas and push the bilateral relations for new and greater development.

Head of the US Chamber of Commerce Thomas Donohue, President of Schnitzer Steel Industries Inc. Tamara L. Lundgren, former Commerce Secretary Carlos Gutierrez of the US and Chairman of the Board of Trustees of the Brookings Institution John Thornton and others gave speeches successively on behalf of the US. They stated that all circles in the US warmly welcome and expect President Xi Jinping's forthcoming state visit, and expressed their belief that this visit will further promote the development of bilateral relations. They said that as the two largest economies and influencing countries in the world, the US and China face lots of common opportunities and challenges in the current situation, and therefore are more interdependent to each other. Both sides need to show to the world that the US and China can have "harmony in diversity", and are joining hands to build more powerful cooperative relations. The US business circle is a staunch force supporting the development of US-China relations, and is actively committed to strengthening bilateral cooperation in economy, trade and investment and advocates reaching bilateral investment treaty (BIT) at an early date. The US business circle supports the initiatives of the Asian Infrastructure Investment Bank (AIIB) and the "Belt and Road" proposed by China to play an important role in global economic development.

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