Archive for ‘U.S. China Business Council’

25/09/2019

Development goals of China, U.S. not mutually exclusive, says Chinese FM

U.S.-NEW YORK-CHINA-WANG YI-DINNER-SPEECH

Chinese State Councilor and Foreign Minister Wang Yi delivers a keynote speech at a dinner co-hosted by the National Committee on U.S.-China Relations, the U.S.-China Business Council, the U.S. Chamber of Commerce, and Council on Foreign Relations in New York, the United States, Sept. 24, 2019. (Xinhua/Liu Jie)

NEW YORK, Sept. 24 (Xinhua) — The development goals of China and the United States are not mutually exclusive, and the two sides may work with each other well to attain their respective goals, said Chinese State Councilor and Foreign Minister Wang Yi here on Tuesday.

China and the United States both have their own development goals, which are not mutually exclusive or a zero-sum equation, Wang said in a keynote speech at a dinner co-hosted by the National Committee on U.S.-China Relations, the U.S.-China Business Council, the U.S. Chamber of Commerce and the Council on Foreign Relations.

China’s renewal will provide the United States with a stable and sustainable market for the long run and a vibrant United States will provide China’s development with a better external environment, the state councilor said, when expounding on how the world’s two largest economies can benefit from each other’s prosperity.

The key is to be open-minded and respect each other’s right to development and appreciate each other’s accomplishments, he said.

For the sake of the two countries and the world, China and the United States must find a way for major countries with different social systems and cultural backgrounds to co-exist on this planet in peace and cooperate with each other for win-win results, Wang added.

The top diplomat said since China and the United States differ from each other in history, culture, social system, development path and national conditions, it is inevitable for them to have disagreements and even frictions.

However, real harmony is based upon the recognition of and respect for differences, Wang said, adding that differences should not be a chasm that prevents people from engaging with each other, but an impetus to mutual learning and shared progress.

The ups and downs in China-U.S. relations provide ample evidence that confrontation and conflict are not in the fundamental interests of both sides, and dialogue and cooperation are the only way to go, he said.

The Chinese state councilor denounced the claim by some Americans that the decades-long U.S. engagement policy has failed in its original purpose of changing China and that it is time to revert to a containment policy.

“Such an idea of modeling others according to one’s own wish is wrong from the very starting point, and cannot possibly work,” he said.

Seventy years on, it is important for the United States to avoid picking another misguided fight with the wrong country, he said.

Source: Xinhua

06/04/2019

China’s outbound investment in U.S. expected to rebound, expert says

U.S.-NEW YORK-COMMITTEE 100 CHAIRMAN-CHINESE OUTBOUND INVESTMENT

H. Roger Wang, chairman of Committee of 100, a non-profit U.S. leadership organization of Chinese Americans, speaks during a press conference in New York, the United States, April 5, 2019. Speaking at a press conference on Friday, H. Roger Wang said he is positive that the situation would improve although China’s outbound investment in the United States currently hit the bottom. (Xinhua/Wang Ying)

NEW YORK, April 5 (Xinhua) — China’s outbound investment in the United States is going to recover after posting a deep drop in 2018, according to chairman of Committee of 100, a non-profit U.S. leadership organization of Chinese Americans.

Speaking at a press conference on Friday, H. Roger Wang said he is positive that the situation would improve although China’s outbound investment in the United States currently hit the bottom.

“You will see more Chinese investment into the United States,” said Wang.

Chinese investors only invested 4.8 billion U.S. dollars in the United States in 2018, down from 29 billion U.S. dollars in 2017 and 46 billion U.S. dollars in 2016, according to data from the research institute Rhodium Group.

The slump of Chinese investment in the United States last year resulted from tighter regulatory checks from both the United States and China, according to Wang.

Most companies indicated that they would maintain or accelerate their investment in each other’s markets in 2019, according to a new snap survey with top executives from companies which are committed to doing business in both the United States and China.

“Businesses in both countries plan to stay engaged with most planning to maintain or increase investment,” said a release issued on Friday on the survey jointly conducted by Committee of 100 and the U.S.-China Business Council, which represents American companies that do business with China.

Source: Xinhua

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