Claiming Their Place
Leading emerging economies strengthen cooperation on finance and global governance
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Government Documents
Government Documents
UPDATED: April 10, 2012 NO. 15 APRIL 12, 2012
Work Together for a Bright Future of China-U.S. Cooperative Partnership

Second, we should respect each other's core interests and major concerns. George Washington, the first president of the United States, said that "actions, not words, are the true criterion of the attachment of friends." History shows that when we properly handle each other's core and major interests, China-U.S. relations will grow smoothly. Otherwise, they will be in trouble. We hope that the United States will adhere to the three Sino-U.S. Joint Communiques and the one China policy, oppose "Taiwan independence" and support the peaceful development of relations across the Taiwan Straits with concrete actions. We hope that the United States will truly honor its commitment of recognizing Tibet as part of China and opposing "Tibet independence," and will handle Tibet-related issues in a prudent and proper manner. Given the differences in current national conditions and in historical and cultural background between China and the United States, it is only natural that we have some differences on the issue of human rights. The history of mankind shows that the cause of human rights has been a process of continuous improvement. China and the United States should continue dialogue and exchanges to implement the consensus reached between our two presidents on respecting each other's development paths chosen in light of their national conditions, and improve the cause of human rights in both countries.

Third, we should work hard to deepen mutually beneficial cooperation. Mutual benefit is the defining feature of China-U.S. exchanges and cooperation. Over the past 33 years since the establishment of diplomatic relations, trade between China and the United States has increased by over 180 times, reaching $446.6 billion last year. And it is expected to top $500 billion this year. In the last 10 years, U.S. exports to China have grown by 468 percent. China has become the fastest growing export market of the United States. Since the international financial crisis broke out, China has been taking measures to increase imports, especially imports from the United States. Investment and trade promotion delegations sent by the Chinese Government to the United States every year from 2006 to 2011 have made purchases of more than $100 billion. China's overall trade surplus has dropped from the pre-crisis level of over $300 billion to $150 billion in 2011. China's trade surplus-to-GDP ratio dropped from over 7 percent to 2 percent, and moved within the reasonable range by international standards. The reform of the renminbi exchange rate formation mechanism has played an important role in this process. It is very important for addressing China-U.S. trade imbalance that the United States adjusts its economic policies and structure, including removing various restrictions on exports to China, in particular, easing control on civilian hi-tech exports to China as soon as possible. This will help balance China-U.S. trade, stimulate economic growth and job creation in the United States and improve the balance of U.S. international payments. China has proposed to the United States a framework for promoting two-way trade and investment. Our two sides need to continue to work together to tide over difficulties, advance our business cooperation to a higher level and broader areas, and create new highlights of mutually beneficial cooperation.

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