Xi eyes key exchanges with Obama President urges US to boost policy coordination at G20

Updated: 2016-06-08 11:52

By Hu Yongqi, An Baijie in Beijing and Chen Weihua in Washington(China Daily USA)

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Xi eyes key exchanges with Obama President urges US to boost policy coordination at G20

President Xi Jinping meets with US Secretary of State John Kerry. Feng Yongbin / China Daily

President Xi Jinping said on Tuesday that he expects to exchange views on key issues with his United States counterpart Barack Obama during the G20 summit in China in September.

Xi also called on the US to strengthen macroeconomic-policy coordination with China to inject confidence and a new impetus into the world economy during the summit in Hangzhou, Zhejiang province.

He made the appeal at a meeting with the US delegation to the annual China-US Strategic and Economic Dialogue in Beijing, which ended on Tuesday.

At the two-day event - the highest-level formal dialogue between the world's top two economies - more than 100 agreements and deals were signed in strategic areas and more than 60 in economic sectors.

Xi eyes key exchanges with Obama President urges US to boost policy coordination at G20

Xi urged the two governments to ensure the achievements produce quick results to benefit the two peoples.

He said that there are many things that China and the US can work together on, and both nations should do more for the good of Sino-US cooperation.

The president added that the two countries could enhance cooperation in areas including trade, clean energy and environmental protection.

"In terms of the disagreements that exist between China and the US, the key is to respect each other's core interests and important concerns," Xi said, adding that the two nations should control their disputes constructively.

Premier Li Keqiang, who also met with US representatives, said China is willing to promote a continuous, healthy and stable bilateral relationship with the US by strengthening strategic mutual trust, expanding channels for cooperation, promoting people-to-people exchanges and managing differences constructively.

US Secretary of State John Kerry said that this round of the dialogue is the last one for the Obama administration, and it has special significance.

"The US-China relationship is absolutely vital - it may well be the most consequential bilateral relationship for nations in the world," Kerry said. He said that the strategic and economic dialogue is an essential mechanism for both countries to manage differences and expand cooperation.

"This was a difficult year to get big outcomes, but still there were some good outcomes," said David Dollar, a senior fellow at the John L. Thornton China Center of the Brookings Institution.

He said that the expanded quotas for US investors to bring offshore yuan into China for investment are positive, as was the decision to move ahead with yuan-clearing in the US.

"China's commitment to bring a revised negative-list proposal on a Bilateral Investment Treaty next week is positive, and it will be interesting to see if it is a good offer that can jump-start those talks," said Dollar, a US Treasury Department economic and financial emissary to China from 2009 to 2013.

"The language of the press releases stressed opportunities for cooperation, and that was gratifying," said Ted Carpenter, a senior fellow of defense and foreign policy at the Cato Institute.

Carpenter believes that there should be more meaningful discussion of the South Sea issue. "Those are diplomatically delicate matters, but the disagreements aren't going to go away simply because the two sides prefer to avoid a candid discussion," he said.

He also believes that there should be more attention to the vital bilateral trade relationship. "Given the worrisome political trends in the US, one would have thought that both sides would have wanted to assign high priority to that issue in this session of the S&ED," said Carpenter, clearly referring to the strong anti-trade rhetoric on the US presidential campaigns.

Zhiqun Zhu, associate professor of political science and international relations, and John D. MacArthur, chair of East Asia politics at Bucknell University in the US, said that the dialogue contributes to the growing maturity of the relationship and sets the basic tone for cooperation.

Contact the writer at anbaijie@chinadaily.com.cn

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