Latest News:  

English>>Foreign Affairs

Upcoming Xi-Obama meeting of milestone significance

(People's Daily Online)

16:59, June 05, 2013

Edited and translated by Liang Jun, People's Daily Online

The upcoming get-together between Chinese President Xi Jinping and U.S. President Barack Obama at the private Sunnylands estate of late publishing tycoon Walter Annenberg on June 7 is described as a milestone by U.S. Ambassador to China Gary Locke on Tuesday.

Now the strong interdependence of China-U.S. economy is unlikely to change and go backward, said Locke in Beijing on June 4.

As the U.S. is committed to expanding bilateral ties and China is seeking to establish new type of relationships of big powers, Xi-Obama meeting is greatly significant for strengthening personal and working relations between the two leaders, said Locke.

Clearly, the upcoming meeting will be very candid and both sides will exchange views on a series of issues including security, diplomacy and economy, he revealed.

Now China-U.S. cooperation in bilateral and global issues is closer than ever. Forty years ago, the bilateral trade volume was less than 100 million U.S. dollars when the former U.S. president Nixon visited China. But the figure now exceeds 1 billon U.S. dollars for one day. People of the two countries also benefit from the increasingly economic integration.

China's investment in the U.S. in 2005 stood at 700 million U.S. dollars but hit a record and reached 6.5 billion U.S. dollars last year. In the first quarter of this year, Chinese enterprises have completed eight acquisitions and nine green investment projects in the U.S., worth 2.2 billion U.S. dollars. It is expected that China's investment in the U.S. in 2013 will exceed that of in 2012.

The U.S. welcomes Chinese investment, be it state-own enterprises, private or public sectors, said Locke.

In response to the national security review of foreign investment in U.S. businesses, Locke said the Committee on Foreign Investment in the United States (CFIUS) reviews the national security implications of foreign investment in U.S. companies, but actually, most of foreign investment does not need to go through the examination for approval.

He also advised Chinese enterprises that intend to invest in the U.S. to turn to U.S. law firms, accounting firms or public relations operating in China, because they will help them enter into the U.S. market smoothly.

China needs a prosperous America, and vice versa. So both countries need to shoulder responsibility of world affairs and the world expect the two big powers to do so, he said, adding both sides need work together to create a better world.

Read the Chinese version: 骆家辉:中美互相依存性“不可能倒退”

We recommend:

Photo of the innocent childhood

17th Gay Pride Parade held in Sao Paulo

Polar bear Inuka into new enclosure in Singapore Zoo

'50th Madaraka Day marked in Kenya

International Children's Day marked around world

Sudden rain hits Hyderabad, India

Email|Print|Comments(Editor:LiangJun、Yao Chun)

Leave your comment0 comments

  1. Name


Selections for you

  1. China, U.S. naval ships open to public

  2. Police and Military Sniper World Cup 2013

  3. Child labor widespread in Gaza Strip

  4. Drone makes maiden flight over N China

  5. High hopes giant panda will give birth

  6. Dramatic dream in little theater

  7. Cartoons from 2D to 3D

  8. Strange animals around world

  9. Digital currency bitcoin gains virtual interest

  10. 3D printing gallery opens in Chongqing

Most Popular


  1. Violation of women's rights root of sexual assaults
  2. China not to tolerate rogue act on S. China Sea
  3. Imaginaion: essential for cultural confidence
  4. How ZTE is winning the US market
  5. Global IT and techno-jingoism
  6. Copycats stifle Chinese innovation
  7. How to improve the job market

What’s happening in China

5,000th baby born in
water in Shanghai

  1. Brides become expensive in China
  2. Beijing tops happiness ranking for 5 yrs
  3. Test shows frozen lamb contains 5% real mutton
  4. Testing reveals problems with underground water
  5. Officials suspended for stamping on man's head