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People's Daily Online>>Foreign Affairs

Chinese VP Xi holds talks with US Congress

By Liu Meng (Global Times)

08:06, February 16, 2012

Vice President Xi Jinping said in Washington yesterday that the development of Sino-US friendly cooperation is unstoppable and irreversible, and that the relationship has been moving forward despite fluctuations.

Xi told US business leaders that the time was ripe for a "new historical starting point" for relations between the two sides.

Steps taken by China to revalue its currency have helped cut its overall trade surplus and have boosted US exports to China, Xi said.

"China has become the US' fastest growing export market. China's trade surplus as a proportion of GDP has been falling from over 7 percent to 2 percent, at a level internationally recognised as reasonable," he said. Xi made the marks at a luncheon in Washington co-hosted by the US-China Business Council and the National Committee on US-China Relations.

Earlier yesterday, Xi toured Capitol Hill and held talks with Senate Majority Leader Harry Reid and his Republican counterpart, Mitch McConnell, as well as House of Representatives Speaker John Boehner.

An aide to Max Baucus, one of the senators meeting with Xi, told The Washington Post before the talks that US concerns over the value of the yuan would be raised.

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