Top 10 life-changing benefits from Xi's US visit

Cybercrime crackdown

China and the US agreed that timely responses should be given to requests for information and assistance concerning malicious cyber activities. Both sides have committed to neither government engaging in nor knowingly supporting online theft of intellectual property, including trade secrets or other confidential business information. The two countries will promote establishing a hot-line and high-level dialogue on combating cybercrime.


No mercy for fugitives

The two sides decided to further implement relevant consensus on utilizing the China-US Joint Liaison Group as the primary mechanism for cooperation on law enforcement, and to take measures to handle corruption cases. Both sides agreed to enhance practical cooperation in corruption prevention, detecting embezzled public funds, exchanging evidence, combating transnational bribery, fugitives and illegal immigrants’ repatriation, narcotics control and counter-terrorism. Both countries decided to enhance and promote anti-corruption cooperation under multilateral frameworks. Financial intelligence agencies of both countries are set to sign a memorandum of understanding to exchange information on "money laundering and terrorist financing".


Ivory ban

The two countries committed to enact bans on the import and export of ivory, including significant and restrictions of the import of ivory as hunting trophies, and to take significant steps to halt the domestic commercial trade in ivory. The two sides decided to further cooperate in joint training, technical exchanges, information sharing, and public education on combating wildlife trafficking, and enhance international law enforcement cooperation in the field.


Visits made easier

The two countries will designate 2016 China-US Tourism Year. A year of collaboration will include events to promote travel between the two countries, support progress on market access, and advance initiatives for both China and the United States to ensure a quality visitor experience for increasing numbers of travelers to and from both countries. The number of tourist trips between the two countries is expected to exceed 5 million in 2016.


Student exchanges grow

The two countries are to support 50,000 students to study in each other’s country in the next three years. The US will expand the 100,000 Strong Initiative from universities to elementary and high schools to achieve the goal of having 1,000,000 US students studying Mandarin by 2020. The two sides will support collaboration between the think-tanks of Chinese and US universities to promote increased cooperation.


Up, up and away

New progress was made in China-US civil aviation cooperation during Xi’s trip. Boeing Co will sell China 300 airplanes and build a 737 aircraft completion center in the country. The package includes 240 planes for Chinese airlines, including 190 737s and 50 wide-body aircraft, and another 60 737s for leasing companies ICBC and CDB Leasing. An MOU on enhancing comprehensive strategic cooperation in civil aviation was signed between the National Development and Reform Commission of China and Boeing Company.


Safer skies

The two countries finalized a plan aimed at reducing the risk of air-to-air military encounters in areas such as the South China Sea through the adoption of common rules of behavior. The two countries support the maintenance of peace and stability in the South China Sea, and uphold a peaceful solution to disputes through negotiation and consultation. China said construction activity it is undertaking in the Nansha Islands does not target or impact any country and there is no intention to militarize.


United front

The two countries reaffirmed their rejection of terrorism in all forms and agreed to enhance counterterrorism cooperation at bilateral and multilateral levels and continue to implement relevant resolutions of the UN Security Council. The two sides will seek to enhance counterterrorism cooperation on a wide range of issues, including how to address the transnational flow of foreign terrorist fighters, crack down on terrorist funding networks and increase information exchange on terrorist threats.


Carbon clampdown

China will launch a national carbon cap-and-trade system in 2017 to help contain the country's emissions as a joint presidential statement was issued by China and the United States to pave the way for December’s UN climate summit in Paris. The trading system, currently at the trial stage in seven places in China, will put limits on carbon emissions and open up markets for companies to buy and sell the right to produce emissions. China pledged $3.1 billion to help developing economies combat climate change, while the US reiterated the promise to raise $3 billion for the Green Climate Fund.


Yuan goes international

The United States said it’s willing to allow the yuan’s entry into the International Monetary Fund’s Special Drawing Rights basket, given that the Chinese currency “meets the IMF's existing criteria in its SDR review”. The IMF is reviewing whether the yuan should be included in the SDR, a basket of reserve currencies used by the lender as a unit of account which currently includes the US dollar, the British pound, the euro and the Japanese yen.