Latest News:  
Beijing   Cloudy    30 / 20   City Forecast

Home>>China Politics

Chinese VP says U.S. economy will improve by addressing current challenges

(Xinhua)

15:40, August 19, 2011

BEIJING, Aug. 19 (Xinhua) -- Chinese Vice President Xi Jinping said Friday that he believes the U.S. economy will improve by addressing current challenges. "The U.S. economy has always been resilient and capable of repairing itself," Xi said as he joined visiting U.S. Vice President Joe Biden in attending the China-U.S. Business Dialogue, which was held in Beijing on Friday.

Xi told the businessmen at the dialogue that the visiting U.S. vice president briefed him on Thursday on the U.S. government's measures to boost its economy and increase employment.

Biden's six-day official visit to China comes on the heels of an unprecedented downgrade of the United States' credit rating earlier this month, which created global uncertainty about the safety of dollar assets.

China remains the largest foreign holder of U.S. debt, with about 1.16 trillion U.S. dollars in U.S. Treasury securities.

"We believe that the U.S. economy will move for the better by addressing these challenges," Xi said.

"I hope that Chinese and U.S. entrepreneurs will judge the situation appropriately, remain confident and turn challenges into opportunities," Xi said, urging the businessmen to "make contributions to facilitate the sustainable and balanced development of the Chinese and U.S. economies, as well as the global economy."

Senior executives from prestigious Chinese and American companies, such as the China Ocean Shipping (Group) Company, the Bank of China, Lenovo, General Motors and J.P. Morgan, attended the dialogue.

Email|Print|Comments(Editor:梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Lakme Fashion Week: Day 2

  2. Chinese calligraphy exhibition held in Geneva

  3. China Int'l Rainforest Challenge 2011

  4. Drought hits China's Guizhou Province

Most Popular

Opinions

  1. Joe Biden's visit more than a courtesy call
  2. China needs caution in drive to up gold reserves
  3. China has right to own aircraft carriers
  4. China, US should boost world's confidence
  5. How will China cope with US debt crisis?
  6. Will Biden's China visit boost China-U.S. relations?
  7. US weapon sales to Taiwan hurt Chinese feeling
  8. Hedge-style East Asian model does not fit China
  9. Guard against impulsive coverage of aircraft carrier
  10. UK riots expose social management shortcomings

What's happening in China

Chinese translations often drop tricky references

  1. 'hiPhone' now a hot commodity on Taobao
  2. Forbidden City loses 100 books
  3. The Road of History: Wukang Road in Shanghai
  4. Apple stores in Beijing sued
  5. Millions of Chinese men without brides by 2020

PD Online Data

  1. The Achang ethnic minority
  2. The Tartar ethnic minority
  3. The Xibe ethnic minority
  4. The Miao ethnic minority
  5. The Maonan ethnic minority