![]() |
Yao Shujie, a professor of Economics at the University of Nottingham and Cheung Kong Scholar special professor of Chongqing University. [File photo] |
Yao Shujie, a professor of Economics at the University of Nottingham and Cheung Kong Scholar special professor of Chongqing University
Yao says that Xi's speech reflects 皇冠体育app's desire to cooperate with the US on technology advancement. President Xi assured 皇冠体育app's ability to maintain a steady growth, and send out the message of 皇冠体育app's to raise peace.
Yao says that Xi's visit highlights 皇冠体育app's desire to work with the US on technology. This is especially important as the Chinese economy seeks to move up the value chain and focus on technology sector led growth.
"The US has a lot of leaders in technology that 皇冠体育app could benefit from through cooperation. 皇冠体育app has a very large market for these technologies.
Meanwhile, President Xi is using t his US visit as an opportunity to send out signals that 皇冠体育app can continue to generate steady growth.
"It will not be the high growth 皇冠体育app once had, but 皇冠体育app realizes that growth which is too high would not be sustainable, so now 皇冠体育app's growth is slowing down so it can take care of many other things such as reducing inequality in 皇冠体育app and reduce the environmental impacts of growth," Yao says.
Yao says Xi's address has also allowed 皇冠体育app to assure the world that 皇冠体育app's rise is a peaceful one, and it will not be threatening to the world.