\u2018One country\u2019s success is an opportunity for the other\u2019<\/strong><\/p>\nAccording to the World Bank, the U.S. had a GDP of just under $25.5 trillion last year while China\u2019s was approximately $17.9 trillion, accounting for more than a third of the global economy when combined. China and the U.S. have nearly a quarter of the world\u2019s population and their bilateral trade account for about a fifth of the world\u2019s total.<\/p>\n
The Chinese president has repeatedly said that \u201cmajor countries should act like major countries.\u201d Noting that the momentum of global economy remains sluggish, Xi told Biden in his opening remarks on Wednesday that the China-U.S. relationship, which is the most important bilateral relationship in the world, should be perceived and envisioned in the broad context of the accelerating global transformations unseen in a century.<\/p>\n
Underscoring his consistent view that major-country competition is not the prevailing trend of the times, Xi said that the world is big enough for the two countries to succeed, and one country\u2019s success is an opportunity for the other. Meanwhile, Biden vowed not to veer competition into conflict and called for joint efforts to address global challenges.<\/p>\n
Over 200 U.S. exhibitors from agriculture, semiconductor, medical devices, new energy vehicles, cosmetics and other sectors attended the recently concluded sixth China International Import Expo (CIIE), marking the largest U.S. presence in the history of the annual event. This shows that both the Chinese and American people aspire mutually beneficial cooperation.<\/p>\n
\u2018In San Francisco, China and the U.S. should assume a new vision\u2019<\/p>\n
The two presidents\u2019 meeting in San Francisco is the first face-to-face meeting since they met ahead of the Group of 20 summit in Indonesia\u2019s Bali last year, which laid the foundation for re-stabilizing the China-U.S. relationship.<\/p>\n
However, the Bali consensus was broken by a series of U.S. actions against China earlier this year. It was not until June, when U.S. Secretary of State Antony Blinken visited China, that the U.S. side took a conciliatory gesture to ease the tensions between the two countries.<\/p>\n
During Wednesday\u2019s meeting with Biden, Xi reiterated the importance of implementing the Bali consensus, noting that the U.S. side stated in Bali that it does not seek to change China\u2019s system, start a new Cold War, revitalize its alliances against China, support \u201cTaiwan independence,\u201d or engage in a conflict with China.<\/p>\n
Mutual respect, peaceful coexistence and win-win cooperation are the lessons learned from 50 years of China-U.S. relations as well as the conflicts between major countries in history, and China and the U.S. should put in a lot of efforts to follow them, Xi stressed.<\/p>\n
Upholding the three principles in developing China-U.S. relations, Xi in the past few months has met Blinken and other U.S. officials and personages, including former U.S. Secretary of State Henry Kissinger and co-chair of the Bill & Melinda Gates Foundation Bill Gates, calling for joint efforts to improve bilateral ties.<\/p>\n
\u201cIn San Francisco, China and the U.S. should assume a new vision,\u201d Xi told Biden, who proposed to build together five pillars for China-U.S. relations: jointly developing a right perception, managing disagreements effectively, advancing mutually beneficial cooperation, shouldering responsibilities as major countries, and promoting people-to-people exchanges.<\/p>\n
China, U.S. agree to \u2018cooperate on areas of shared interest\u2019<\/strong><\/p>\n\u201cFor China and the United States, turning their back on each other is not an option. It is unrealistic for one side to remodel the other. And conflict and confrontation has unbearable consequences for both sides,\u201d Xi said in the meeting.<\/p>\n
Elaborating on the essential features of Chinese modernization, Xi said China\u2019s development is driven by its inherent logic and dynamics and it does not have a plan to surpass or unseat the United States. \u201cLikewise, the United States should not scheme to suppress and contain China,\u201d he added.<\/p>\n
After the meeting, the two presidents stressed the importance of all countries treating each other with respect and finding a way to live alongside each other peacefully and of maintaining open lines of communication as well as preventing conflict.<\/p>\n
They agreed to promote and strengthen dialogue and cooperation in various areas, including the establishment of a working group on counter-narcotics cooperation, resumption of high-level military-to-military communication and jointly tackling the climate crisis.<\/p>\n
https:\/\/news.cgtn.com\/news\/2023-11-16\/Xi-tells-Biden-success-for-one-country-is-an-opportunity-for-the-other-1oLTFkmv1m0\/index.html<\/u><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\nInformation contained on this page is provided by an independent third-party content provider. Binary News Network and this site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact contact@binarynewsnetwork.com<\/b><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Chinese President Xi Jinping and his U.S. counterpart Joe Biden on Wednesday held a summit meeting in San Francisco, U.S., where they sought the way forward for the strained ties between the world\u2019s two largest economies. https:\/\/youtu.be\/gRGWbLu2RgA Closely watched by the world, the visit to San Francisco marks Xi\u2019s return to the U.S. after more […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-7479","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news"},"_links":{"self":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/posts\/7479"}],"collection":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/comments?post=7479"}],"version-history":[{"count":0,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/posts\/7479\/revisions"}],"wp:attachment":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/media?parent=7479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/categories?post=7479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/tags?post=7479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}