05-14-2018, 02:44 AM
WASHINGTON Cheap Joe Thornton Jersey , July 18 (Xinhua) -- Chinese Vice Premier Wang Yang delivered a keynote speech at a China-U.S. business luncheon here Tuesday.
The following is the full text of the speech:
Win-Win Cooperation Is the Best Cooperation
Keynote Speech by H.E. Wang Yang
Vice Premier of the State Council of the People's Republic of China
At the China-U.S. Business Luncheon
Washington, D.C., 18 July 2017
Chairman Evan Greenberg,
President Thomas Donohue,
Chairman Xu Chen,
Secretary Steven Mnuchin Wholesale San Jose Sharks Jerseys ,
Secretary Wilbur Ross,
Ladies and Gentlemen,
I want to thank the U.S.-China Business Council, the U.S. Chamber of Commerce and the China General Chamber of Commerce - USA for the warm invitation and the opportunity to meet friends, both old and new, in the business communities of the two countries. I had been to the States six times in the last five years. Every year I came Cheap San Jose Sharks Jerseys , I would accept the invitation to meet and speak to the business leaders here. To be honest, it's not easy to always have something new to say. But Confucius said, "One can acquire new knowledge by constantly reviewing the past." Hopefully, I can put it into practice today in my speech.
I recall when I came to Washington last November, the dust had just settled for the presidential election in this country. The economic and trade policy of the new U.S. government for China was a topical issue in the business communities. I said at the welcoming luncheon then, although there would be a new president in the United States Wholesale Sharks Jerseys , the passions of the business communities remained unchanged for cooperation with China. If the large gathering at the luncheon was any guide, there was every confidence in the future of China-U.S. economic and trade relations. It seemed to be a pretty risky prediction of mine at the time, since many kept their fingers crossed, worrying that China-U.S. trade relations would enter a stormy season of winter and even run the risk of a trade war.
It was at that critical juncture that President Xi Jinping accepted the invitation with no hesitation to come to the United States, and had a historic meeting with President Donald Trump at Mar-a-Lago, which set a constructive tone for China-U.S. relations in a new era. The two sides decided to set up four high-level dialogue mechanisms Cheap Sharks Jerseys , including the Comprehensive Economic Dialogue, and launched the 100-Day Plan for China-U.S. economic cooperation, which was most reassuring to the business communities in both countries. We are pleased to note that thanks to the painstaking efforts of both sides, the 100-Day Plan has delivered major outcomes. The American beef has found its way back to the Chinese market after 14 years. The policy barriers for U.S. LNG exports to China have started to crumble. In the first five months of this year, China had already imported 400,000 tons of LNG from the United States Cheap Mario Ferraro Jersey , standing in sharp contrast to zero in the same period of last year. More importantly, through 100 days of intensive engagement, our economic teams have built mutual trust, and managed to establish a way of communication featuring mutual respect and win-win cooperation.
You may ask, why is it possible? The answer is here. You are the ones who deserve the credit. I said here last year, China-U.S. business cooperation is market behavior. The underlying drivers lie in the people and the business communities. The U.S. side has made that choice indeed in reflection of the mainstream opinions of the business communities. Your long-standing support and active participation have helped to create an atmosphere in favor of cooperation rather than confrontation for China-U.S. business ties Cheap Josh Norris Jersey , and have contributed to the China-U.S. economic relationship as it stands today. Although there may still be twists and turns in our cooperation going forward, as long as you have confidence, the overall direction of China-U.S. business cooperation will not change.
This brings me to my first conclusion: cooperation is the only right choice for our two countries. The giant ship of China-U.S. economic and trade relations is sailing on the right course.
Ladies and Gentlemen,
China-U.S. cooperation is not something new. Without going back to the distant past, just by taking stock of our discussions at the Strategic and Economic Dialogue and JCCT since the 18th CPC National Congress in 2012, we will find that our cooperation has indeed been fruitful in many areas.
In previous dialogues Cheap Dylan DeMelo Jersey , China had undertaken to adjust the economic structure, and change the growth model that was mainly driven by investment and export. The contribution of China's final consumption to economic growth, which was only 47 percent in 2013, jumped to 77 percent in the first quarter of this year. The proportion of services relative to the GDP increased from 46.7 percent in 2013 to 56.5 percent in the first quarter of this year. It is also worth noting that China's current account surplus relative to the GDP dropped from the peak of 10 percent in 2007 to 0.7 percent in the first quarter in 2017.
China had undertaken to allow broader market access and greater opening of the services sector. China has in recent years revised on its own initiative "the Catalogue for the Guidance of Foreign Investment Industries" several times, leaving only 63 industries under restriction, 117 fewer than those of the 2011 version Cheap Rourke Chartier Jersey , down by an impressive 65 percent. Two U.S. financial institutions have just gained licenses to conduct bond underwriting and settlement businesses in China's interbank bond market. This is a result of the greater opening of China's financial sector. In the 11 pilot free trade zones including the one in Shanghai, opening-up is broader in scope and greater in depth. As a matter of fact, China has already agreed in the Sino-U.S. BIT negotiations to further open up its banking, securities, insurance,
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The following is the full text of the speech:
Win-Win Cooperation Is the Best Cooperation
Keynote Speech by H.E. Wang Yang
Vice Premier of the State Council of the People's Republic of China
At the China-U.S. Business Luncheon
Washington, D.C., 18 July 2017
Chairman Evan Greenberg,
President Thomas Donohue,
Chairman Xu Chen,
Secretary Steven Mnuchin Wholesale San Jose Sharks Jerseys ,
Secretary Wilbur Ross,
Ladies and Gentlemen,
I want to thank the U.S.-China Business Council, the U.S. Chamber of Commerce and the China General Chamber of Commerce - USA for the warm invitation and the opportunity to meet friends, both old and new, in the business communities of the two countries. I had been to the States six times in the last five years. Every year I came Cheap San Jose Sharks Jerseys , I would accept the invitation to meet and speak to the business leaders here. To be honest, it's not easy to always have something new to say. But Confucius said, "One can acquire new knowledge by constantly reviewing the past." Hopefully, I can put it into practice today in my speech.
I recall when I came to Washington last November, the dust had just settled for the presidential election in this country. The economic and trade policy of the new U.S. government for China was a topical issue in the business communities. I said at the welcoming luncheon then, although there would be a new president in the United States Wholesale Sharks Jerseys , the passions of the business communities remained unchanged for cooperation with China. If the large gathering at the luncheon was any guide, there was every confidence in the future of China-U.S. economic and trade relations. It seemed to be a pretty risky prediction of mine at the time, since many kept their fingers crossed, worrying that China-U.S. trade relations would enter a stormy season of winter and even run the risk of a trade war.
It was at that critical juncture that President Xi Jinping accepted the invitation with no hesitation to come to the United States, and had a historic meeting with President Donald Trump at Mar-a-Lago, which set a constructive tone for China-U.S. relations in a new era. The two sides decided to set up four high-level dialogue mechanisms Cheap Sharks Jerseys , including the Comprehensive Economic Dialogue, and launched the 100-Day Plan for China-U.S. economic cooperation, which was most reassuring to the business communities in both countries. We are pleased to note that thanks to the painstaking efforts of both sides, the 100-Day Plan has delivered major outcomes. The American beef has found its way back to the Chinese market after 14 years. The policy barriers for U.S. LNG exports to China have started to crumble. In the first five months of this year, China had already imported 400,000 tons of LNG from the United States Cheap Mario Ferraro Jersey , standing in sharp contrast to zero in the same period of last year. More importantly, through 100 days of intensive engagement, our economic teams have built mutual trust, and managed to establish a way of communication featuring mutual respect and win-win cooperation.
You may ask, why is it possible? The answer is here. You are the ones who deserve the credit. I said here last year, China-U.S. business cooperation is market behavior. The underlying drivers lie in the people and the business communities. The U.S. side has made that choice indeed in reflection of the mainstream opinions of the business communities. Your long-standing support and active participation have helped to create an atmosphere in favor of cooperation rather than confrontation for China-U.S. business ties Cheap Josh Norris Jersey , and have contributed to the China-U.S. economic relationship as it stands today. Although there may still be twists and turns in our cooperation going forward, as long as you have confidence, the overall direction of China-U.S. business cooperation will not change.
This brings me to my first conclusion: cooperation is the only right choice for our two countries. The giant ship of China-U.S. economic and trade relations is sailing on the right course.
Ladies and Gentlemen,
China-U.S. cooperation is not something new. Without going back to the distant past, just by taking stock of our discussions at the Strategic and Economic Dialogue and JCCT since the 18th CPC National Congress in 2012, we will find that our cooperation has indeed been fruitful in many areas.
In previous dialogues Cheap Dylan DeMelo Jersey , China had undertaken to adjust the economic structure, and change the growth model that was mainly driven by investment and export. The contribution of China's final consumption to economic growth, which was only 47 percent in 2013, jumped to 77 percent in the first quarter of this year. The proportion of services relative to the GDP increased from 46.7 percent in 2013 to 56.5 percent in the first quarter of this year. It is also worth noting that China's current account surplus relative to the GDP dropped from the peak of 10 percent in 2007 to 0.7 percent in the first quarter in 2017.
China had undertaken to allow broader market access and greater opening of the services sector. China has in recent years revised on its own initiative "the Catalogue for the Guidance of Foreign Investment Industries" several times, leaving only 63 industries under restriction, 117 fewer than those of the 2011 version Cheap Rourke Chartier Jersey , down by an impressive 65 percent. Two U.S. financial institutions have just gained licenses to conduct bond underwriting and settlement businesses in China's interbank bond market. This is a result of the greater opening of China's financial sector. In the 11 pilot free trade zones including the one in Shanghai, opening-up is broader in scope and greater in depth. As a matter of fact, China has already agreed in the Sino-U.S. BIT negotiations to further open up its banking, securities, insurance,
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