Chinese premier says frictions in China-US economic ties are normal
Updated: 2016-09-22 10:42
(Xinhua)
|
|||||||||
NEW YORK -- Chinese premier Li Keqiang on Tuesday said frictions represent only a minor part in China-US economic relations, calling upon the two sides to expand common interest and properly handle differences.
Li made the statement when addressing a welcoming dinner party organized by the Economic Club of New York.
When bilateral trade and investment grow from nearly nothing to its current enormous volume, it is only inevitable that frictions might arise, said Li, who is here for a series of United Nations conferences and engagement with a wide spectrum of Americans.
Frictions are not the dominating element in China-US economic relations but just a minor part of cooperation, the premier told about 1,000 elites of American business.
However, they should not be ignored, and the two sides should work to resolve their differences before they spread to other areas of the relationship, Li said.
On China' s business environment, Li said while complaints from some American business people impressed him, he also read a report by the US-China Business Council which told a different story.
In its annual survey, the council found 90 percent of US businesses operating in China were profitable, up from 85 percent in 2014.
The Chinese premier also cited increased investment by US enterprises in China.
China is still working to improve its business environment for foreign enterprises, Li added.
As part of its overall drive to further open up, China has streamlined procedures for foreign investment, said Li.
The gathering came one day after the premier met with US President Barack Obama in New York, during which Li called for concerted efforts to promote economic and trade ties between the world's top two economies.
Economic and trade cooperation is the "cornerstone" and "propeller" of China-US relations, Li said during their talks.
Enhancing China-US cooperation is in accord with the fundamental interests of the two peoples and the common wish of the world community, he said, while expressing China's willingness to deepen bilateral, regional and global cooperation in various fields.
Obama, for his part, reiterated that his country supports China's reform process and hopes that the two sides can make further progress in bilateral investment treaty negotiations.
Li is scheduled to attend the general debate of the 71st session of the UN General Assembly on Wednesday before heading to Canada to continue his overseas trip, which will also take him to Cuba.
- Greek govt vows to improve refugee situation on island after fire
- Kremlin says hope for restoring truce in Syria 'weak'
- US sends 2 B-1B bombers to ROK after DPRK's nuke test
- Weekend's violent attacks in US could help Trump's campaign
- Syrian army declares end of Russian-US brokered truce
- China supports further reaction to DPRK's latest nuclear test
- 8 things you may not know about Autumn Equinox
- Italian sets new record with Ferrari on 'miracle road'
- Students compete for flight attendant jobs in Sichuan
- 1st Sushi restaurant opens in DPRK
- Top 14 Chinese women in Fortune's ranking
- Hangzhou airport offers beds to tired travelers
- Protesters march against EU trade deals with US
- In photos: Chinese harvest in full swing
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Trump outlines anti-terror plan, proposing extreme vetting for immigrants
Phelps puts spotlight on cupping
US launches airstrikes against IS targets in Libya's Sirte
Ministry slams US-Korean THAAD deployment
Two police officers shot at protest in Dallas
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
US Weekly
Geared to go |
The place to be |