China, U.S. to join forces on economy

Updated 2017-07-10 08:55:36 China Daily
Chinese President Xi Jinping (R) meets with his U.S. counterpart Donald Trump to discuss bilateral ties and global hot-spot issues on the sidelines of a Group of 20 (G20) summit, in Hamburg, Germany, July 8, 2017. (Xinhua/Yao Dawei)

Chinese President Xi Jinping (R) meets with his U.S. counterpart Donald Trump to discuss bilateral ties and global hot-spot issues on the sidelines of a Group of 20 (G20) summit, in Hamburg, Germany, July 8, 2017. (Xinhua/Yao Dawei)

Second meeting of presidents promotes trade, military plans

The latest meeting between President Xi Jinping and his U.S. counterpart, Donald Trump, was productive and reassuring to the world, experts said, as it confirmed ongoing discussions about an ambitious economic cooperation plan and a sequence of meetings involving senior military officers.

The two presidents' second meeting this year, on the sidelines of the G20 Summit in Hamburg, Germany, took place amid widespread concern about tensions on the Korean Peninsula and a U.S. warship's recent intrusion into Chinese waters in the South China Sea. [Special coverage]

Both leaders agreed to maintain close high-level contact and to reinforce strategic mutual trust, a news release from the Foreign Ministry said.

The first round of a comprehensive economic dialogue was set for July 19, and Beijing and Washington will launch at an early date their first law enforcement and cybersecurity dialogue, as well as their first social and cultural dialogue, it said.

During his meeting with Trump, Xi noted that the two sides are discussing a one-year cooperation plan, and that the 100-day economic cooperation action plan initiated after the meeting with Trump at Mar-a-Largo in April has made new progress.

On military-to-military relations, Xi proposed that the two countries' defense ministers exchange visits as soon as possible. He called for concerted efforts on such matters as the visit to China in August by the chairman of the U.S. Joint Chiefs of Staff, the first dialogue between the joint staffs of the two countries' militaries in November and the Chinese Navy's participation in the United States-led 2018 Pacific Rim military drill.

Trump hailed his "wonderful relationship" with Xi and expressed confidence in "success" in addressing common problems, together with China, according to the White House.

Xi said both sides should respect the core interests and major concerns of each other and appropriately tackle their differences and sensitive issues.

The two sides should have mutual respect, seek win-win results, expand pragmatic cooperation in all fields and reinforce coordination with respect to global and regional issues, Xi said.

The two leaders agreed to further communication and coordination on the Korean Peninsula nuclear issue.

Xi said the international community should increase efforts in promoting dialogue and controlling the situation when responding to the Democratic People's Republic of Korea's violations of UN Security Council resolutions.

Also, Xi reiterated China's objection to the deployment of the U.S. Terminal High-Altitude Area Defense anti-missile system in the Republic of Korea.

Teng Jianqun, director of the Department for American Studies at the China Institute of International Studies, said the personal ties between Xi and Trump are adding to people's hope for upcoming meetings, including Trump's state visit to China later this year.

Chen Fengying, a senior researcher on the world economy at the China Institutes of Contemporary International Relations, said the way the two countries work with each other on economics and trade "directly influences the improving process of the world economy".

Two-way trade is increasingly reciprocal, meeting the needs of both sides and the world, and any bilateral trade imbalance should be viewed with a cool head, Chen said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58July 17 2018 23:02:55

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16July 17 2018 23:02:55

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18July 17 2018 23:02:55

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords