20/08/2011
America and China Ttdarsan mechanisms of the stability of the global economy
بكين - ا ف ب Beijing
Between Vice President Joe Biden said the global economic stability depends on the quality of Chinese-American relations, during his stay in Beijing, where to respond to the criticism over fiscal policy to Washington.
As Vice President Xi Jeenbag confidence in the «immunity» U.S. economy, stressing the need for Biden to restore stability to financial markets.
He said Biden «I am very confident that the economic stability of the world depends in large part on the cooperation between the United States and China and said,« in the current window new to China and the United States more common interests in the sense in the broad and bear common responsibilities more.
Continues ..
The Xi made the remarks at a round table gathered in Beijing businessmen Americans and Chinese, involving also Joe Biden, who is visiting China after directing Beijing barrage of criticism of Washington's policy of Finance. Also sought Xi reassure Americans who are asking China to encourage middle class on consumption rather than relying on the movement of export-intensive manufactured products low prices to ensure to maintain strong economic growth. The Chinese vice president said that «the five-year plan the second session of the China clearly states that we will accelerate change our patterns through the promotion of domestic demand more». He said «we expect during these five years that China imports goods by more than eight thousand billion dollars (...) This will generate greater business opportunities for U.S. companies ». Xi also keen to reassure the Chinese economy that Biden will not be a« surprise fall »thanks to the adoption of the policy of« balanced »between maintaining continued growth and fight inflation.
and said Shi, who is likely to become the next president for a second economic power in the world instead of Hu Jintao between late 2012 and early 2013 that «the U.S. economy is very impervious and has a great ability to repair itself».
The «We believe that the U.S. economy will strengthen in the face of the challenges that lie ahead».
He said that «the United States and China should not politicize trade issues or amplification».
Lastly, he stressed the importance of restoring market confidence at a time of global stock markets decline continues. He pointed out that «the destabilizing factors that threaten the economic recovery in the world accumulate and pose new challenges in the face of economic growth and trade between our two countries». He added that «the most important in this context is the restoration of confidence, trust is more precious than gold »at the time of controlled panic on the bourses, which opened on Friday after the sharp declines suffered heavy losses Thursday as fears the global economy.
Xi said «yesterday offered a Vice President Biden, during our talks, U.S. efforts to stimulate growth and promote employment and reduce the deficit and to address the debt problem effectively and to maintain investor confidence».
For his part, said Chinese Premier Wen Jiabao when he met Biden said the U.S. Vice President «transfer of a very clear message to the Chinese people that the United States will fulfill its promises and obligations regarding its debt sovereign», adding that «it would maintain the integrity and solvency and the value of the U.S. bond».
He added, «I am confident that this will enhance investor confidence in U.S. economy».
The Biden said in an interview with the magazine Kayijing Chinese Wednesday «I want to say clearly that the government of President (Barack Obama) spares no effort to preserve the foundations of the American economy to ensure the safety and solvency and the value of U.S. Treasury bonds, and so to all investors, including China».
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