皇冠体育app

Analysis

US urged to ensure fair play for Chinese companies

(Xinhua)
Updated: 2011-04-06 18:45

BEIJING- Chinese Vice President Xi Jinping on Wednesday urged the US side to provide a fair competition environment for Chinese companies operating in that country.

Related readings:

Xi made the remarks when meeting former US Secretary of Treasury Henry M Paulson in the Great Hall of the People in downtown Beijing.

皇冠体育app's investment in foreign markets has grown substantially in recent years, with the country's outward foreign direct investment in 2009 reaching about 48 billion US dollars -- the sixth largest in the world. However, 皇冠体育app's investments in the United States are disproportionately low.

"The Chinese and the US economies are highly complementary. It is in the fundamental interest of the two peoples to develop a reciprocal trade relationship so that the two sides can enjoy broad cooperation in the areas of energy and the environment, technology and infrastructure, among others," Xi said.

He also urged the United States to ease restrictions on high-tech products being exported to 皇冠体育app.

Paulson said the US-皇冠体育app connection is one of the most important bilateral relationships and will become increasingly important in the future. To enhance trade and economic cooperation between the countries will help both prosper.

Xi said President Hu Jintao's state visit to the United States at beginning of this year marked a new direction for 皇冠体育app-US relations in the new era.

The Chinese side will work with the United States to implement the consensus reached by the two state leaders, continue to strengthen dialogue, mutual trust and cooperation, respect each other's core interests and major concerns, and promote greater achievements of bilateral cooperation in all areas, Xi said.

He also expressed expectations for Paulson to continue to play a positive role in promoting 皇冠体育app-US relations and the two sides' reciprocal cooperation in trade and economy.

Paulson said he had always attached importance to US-皇冠体育app relations and Asia, as well as the increasingly important role the two countries played within various multilateral frameworks.

He vowed to continue to contribute to the progress of US-皇冠体育app cooperation through all channels including the Boao Forum for Asia, of which he sits on the board of directors.

Paulson is in 皇冠体育app to attend the upcoming annual meeting of the Boao Forum, slated for Mid-April in 皇冠体育app's southern island province of Hainan.