U.S. President Barack Obama, asked his guest, Vice President Xi Jinping that China should join global trade rules that are equally respected other countries. Obama complained to Xi Jinping also expressed respect to bilateral trade among American officials and businessmen who run a trade deficit with China of up to hundreds of billions of dollars.
According to Reuters, Obama’s statement was phrased as welcomed Xi at the White House on Tuesday. Xi’s visit to the United States received special attention from top U.S. officials have given him a possible successor to current President of China, Hu Jintao. Presidential succession in China will take place in March 2013.
Obama delivered the attitudes, demands, as well as U.S. concerns on the international political and economic developments involving China. Enjoying the most rapid economic growth in the world in the last three decades, China made U.S. anxiety since the middle of the capabilities of military and commercial interests are often contrary with Washington’s agenda.
In a meeting at the White House, Obama said the U.S. welcomed the “peaceful rise of China.” However, Obama signaled the growing economic and military rivalry between the U.S. and China.
To Xi, Obama also reiterated U.S. anxiety over their trade imbalance with China, which is always a deficit of up to U.S. $ 295.5 billion. According to the U.S., increasing the amount of trade deficit with Beijing’s China-related policies that remain in control so that the yuan exchange rate remains suppressed as low as possible. This situation makes the industry in the U.S. so it is not competitive with China.
“With the growing strength and prosperity, then it was increased responsibility,” Obama said when receiving the visit of Vice President Xi. “We want to work with China to ensure that all parties follow the same rules in the global economic system, and that includes ensuring a balanced flow of trade,” Obama said.
On the other hand, Xi also reiterated to the U.S. businesses that Beijing had been acting in accordance with the wishes of Washington. In fact, Xi asked the U.S. government also followed the same desire.
When U.S. Secretary of State entertained, Xi also said that both sides should resolve the economic problems through dialogue, not with “protectionism.”
To the U.S. business, Vice President Xi also reiterated that Beijing has taken measures necessary to respond to complaints from the U.S. over trade imbalances and the protection of patent rights.
Xi also called on the U.S. to respond to expectations of China, namely revoke restrictions on exports of advanced technology to China. Furthermore Chinese companies are expected to also be given the same opportunity to invest in the U.S..