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The following article was published in our article directory on January 21, 2011.
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China Promised To The American Build Open Investment Environment

Article Category: Business

Author Name: Amanda xzh

President hu jintao is in the White House with U.S. President Obama held talks.
Hu said that China and the United States as in the international society has a significant effect on the two country, want to actively promote positive comprehensive cooperation of sino-us relations continue forward development. The growth of china-u.s. Relations need new ideas and new action, new phenomena. Hu therefore put forward 5 advices. First, the development of seeking common ground while putting aside differences, equal and mutual political relations. Second, deepening of all-round cooperation, mutual benefit and win-win economic relations. The Chinese side will continue to America invested enterprises in China to provide complete fair national treatment, hope that the United States in here on high technology products export restrictions, giving Chinese usa.introduced investment enterprises fair competition environment, admitted that China's status of complete market economy as soon as possible take positive steps to respect. Third, develop jointly with challenges global partners. Fourth, we should promote people's broad participation of sino-us friendship career. Fifth, establish further communication, frank conversation high-level contacts mode.

Sino-american day in Washington released the sino-us joint statement. The joint declaration, points out that the two countries and to promote the economy was still strong, sustainable and balanced growth, both sides agreed to strengthen macroeconomic policies communication and cooperation. The United States will focus, ensure the federal deficit reduction metaphase long-term fiscal sustainability, and the rate of exchange excessive volatility alert. China will continue to intensify efforts to expand domestic demand, promoting the service department of private investment, and give greater scope to the market in resource allocation to the basic role. China will continue to adhere to promote the RMB exchange rate system reform, strengthen the RMB exchange rate flexibility, transformation of the mode of economic development. The two sides agree to continue to implement monetary policy and pay close attention to its prospective of international economic influence. Both countries to support the European leaders to enhance market stability and promote sustainable long-term growth effort.

The joint declaration says China, both sides promise deepening in the financial departments investment and supervision areas bilateral and multilateral cooperation, in accord with prudent supervision and with the national security demands consistent circumstance falls, support for financial services and cross-border securities investment fields build open investment environment. The us commitment to ensure that "the government support enterprise" has enough capital and ability to fulfill its financial responsibility. In addition, both sides agree into SDR's money shall only in international trade and finance transactions in the extensive use of currency. In view of this, the United States supports China gradually advance the RMB into the SDR's efforts.

The two sides reiterate their support g20 is powerful, sustainable and balanced growth framework, reiterated that the g20 summit communique the promise of Seoul, including took a series of measures to consolidate the global economic recovery and reduce heavy external imbalances and will keep sustainable current-account imbalances in level. The two sides support g20 in international economic and financial affairs to play a bigger role, and commitment to strengthen communication and coordination, implement the g20 summit commitment, promote cannes summit to achieve positive results. Climate change, energy and environmental cooperation.

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