Firmly promote the Sino-US cooperative partnership

First, we have to see that such imbalance is rooted in the different phases of development of China and the US and their different economic structures. It is also a function of the global distribution of resources of transnational enterprises. In general, China's economy remains at the lower end of the global industrial division of labor, with the majority of its labor force working in labor-intensive industries. Despite their hard work, the surplus value they create has not always stayed with them, but turned to strengthen the global competitiveness of their products, support the well-paid jobs in high-end economies and help maintain the high living standard of consumers in developed countries. Indeed, the whole world should appreciate the hard work of diligent Chinese workers.

Second, China and the US have been taking strenuous efforts to address the trade imbalance issue, so as to make their trade relationship more sustainable. Right now, China is expanding its import from the US. In fact, since the global financial crisis broke out, the growth of the US's export to China is more than to any other country. According to the US Chamber of Commerce, the export to China by 47 American states over the past decade has increased at a percentage of more than 3 digits, while over 60% of US enterprises in China enjoy a higher profit margin than their average profit margin worldwide. Certainly, if the US is willing to substantially relax the restrictions on the export of high-tech products, its export to China will increase tremendously, making their trade rebalancing ostensibly faster.

Moreover, China's economy will not linger at the stage of high energy consumption, high emission and high pollution. We are taking measures to transform the old pattern of economic development and upgrade our economic structure to reach the higher end of global industrial chain. In fact, many countries are taking similar steps. With this healthy and positive competition, the world economy will land on a higher platform. China's climbing to the higher end by no means implies that the US will fall back to the lower end. On the contrary, the US will climb on an even higher end than today. I wish such confidence were shared by American friends that "all boats float higher when the river rises," and that such competition will generate mutually complementary, mutually beneficial, and all-win results.

The third perplexity is whether China and the US can interact positively in the Asia-Pacific region.

Both China and the US are Asia-Pacific countries, and this region witnesses the most intensive convergence of their interests. Peace, stability and prosperity of the region are in the common interest of both countries as well as all other countries in the region. Both having important influence over the region, China and the US can and must pay more efforts to meet this common goal.

So far, China and the US have conducted close coordination on the nuclear issue on the Korean Peninsula, the nuclear crisis in South Asia and the triple disasters in Japan, among other issues related to the security and development of the Asia-Pacific. They are also making active contributions to regional economic integration with their comprehensive cooperation within such regional cooperation frameworks as the APEC. Besides, the officials of the two foreign affairs departments have conducted two rounds of consultation on Asia-Pacific affairs.

With the ever-changing situations, China-US interaction in the region will undoubtedly face new challenges, which requires both countries to work out new approaches and make new progress with new thoughts.

At present, many ideas exist as to how China and the US should interact with each other in the region, and new changes keep popping up between both countries on which both have been talking with each other.

Here, I would like to make three points. Point One: China has maintained a constructive attitude towards China-US interaction in the region. As pointed out in last year's The China-U.S. Joint Statement, China welcomes the United States as an Asia-Pacific nation that contributes to peace, stability and prosperity in the region.

Point Two: most recent major changes happened in the West Pacific region, and in the Chinese neighboring areas. That means it not that China took all the way to bring troubles to others, but trouble came to find China.

Previous Page 1 2 3 4 Next Page

Previous Page 1 2 3 4 Next Page