Xi seeks more trust, less sus­pi­cion

China Daily (Canada) - - XI’S VISIT - By WU JIAO in Seat­tle and AMY HE in New York

Bei­jing and Washington must read each other’s strate­gic in­ten­tions cor­rectly, and have “less es­trange­ment and sus­pi­cion in or­der to fore­stall misun­der­stand­ing and mis­cal­cu­la­tion”, Chi­nese Pres­i­dent Xi Jin­ping said Tues­day night in his first ma­jor pol­icy speech on China-US ties since he ar­rived in the US early Tues­day.

Xi called for more un­der­stand­ing and trust be­tween the US and China, prior to his for­mal talks with Pres­i­dent Barack Obama at the White House on Fri­day.

Xi also said “China is ready to set up a high-level joint­di­a­logue mech­a­nism with the United States on fight­ing cy­ber­crimes,” say­ing that the Chi­nese gov­ern­ment was a staunch de­fender of cy­ber­se­cu­rity while also be­ing a vic­tim of hack­ing.

Xi made his re­marks in a 40-minute speech, the only public speech dur­ing his US visit, at a din­ner at­tended by more than 750 busi­ness lead­ers and other dig­ni­taries, in­clud­ing for­mer sec­re­tary of State Henry Kissinger. It was spon­sored by the Na­tional Com­mit­tee on United StatesChina Re­la­tions and the USChina Busi­ness Coun­cil.aXi said the world’s two largest economies “should strictly base our judg­ment on fact, lest we be­come vic­tims to hearsay, para­noid, or self­im­posed bias”.

“There is no such thing as the so-called ‘ Thucy­dides’ trap’ in the world, but should ma­jor coun­tries time and again make the mis­takes of strate­gic mis­cal­cu­la­tion, they might cre­ate such traps for them­selves,” he said.

In ad­di­tion to cy­ber­se­cu­rity, Xi raised other is­sues of con­cern to some in the US au­di­ence, in­clud­ing China’s stock mar­ket and in­vest­ment.

Xi said that the gov­ern­ment took the nec­es­sary steps to sta­bi­lize the stock mar­ket af­ter re­cent tur­bu­lence trig­gered wide con­cern

“It is the duty of the gov­ern­ment to en­sure an open, fair, and just mar­ket or­der and pre­vent mas­sive panic from hap­pen­ing. This time, the Chi­nese gov­ern­ment took steps to sta­bi­lize the mar­ket and con­tain panic in the stock mar­ket and thus avoided a sys­temic risk,” he said.

China’s cen­tral bank took mea­sures in Au­gust to ad­just its cur­rency ex­change rate ac­cord­ing to mar­ket sup­ply and de­mand, which the pres­i­dent said has achieved “ini­tial suc­cess” in cor­rect­ing the cur­rency rate de­vi­a­tion.

“Given the eco­nomic and fi­nan­cial sit­u­a­tion at home and abroad, there is no ba­sis for con­tin­u­ous de­pre­ci­a­tion of the RMB,” he said.

Xi also re­it­er­ated China’s op­po­si­tion to cy­ber theft, amid high ten­sions be­tween the two coun­tries be­cause the US has blamed sev­eral cy­ber at­tacks on China re­cently.

“China is a strong de­fender of cy­ber­se­cu­rity. It is also a vic­tim of hack­ing,” Xi said. “The Chi­nese gov­ern­ment will not, in what­ever form, en­gage in com­mer­cial thefts or en­cour­age or sup­port such at­tempts by any­one. Both com­mer­cial cy­ber theft and hack­ing against gov­ern­ment net­works are crimes that must be pun­ished in ac­cor­dance with the law and rel­e­vant in­ter­na­tional treaties.

Xi said that the in­ter­na­tional com­mu­nity should work to­gether to build a peace­ful, se­cure, open and co­op­er­a­tive cy­berspace.

Xi shared the story of his ar­du­ous and starv­ing youth in a re­mote vil­lage to il­lus­trate what a Chi­nese dream means for or­di­nary Chi­nese peo­ple.

Xi ar­rived at Seat­tle early Tues­day morn­ing with his celebrity singer wife Peng Liyuan, and was warmly wel­comed by Washington state busi­ness lead­ers and of­fi­cials.

Mark Fields, chair of the US-China Busi­ness Coun­cil and also CEO of the Ford Mo­tor Co, also ad­dressed the ban­quet. He said “suc­cess in lead­ing the global chal­lenges of to­day and in the years ahead de­pend greatly on how our two coun­tries come to­gether, in sup­port of com­mon goals and also in sooth­ing our dif­fer­ences”.

US Sec­re­tary of Com­merce Penny Pritzker said that while this week many sig­nif­i­cant deals will be an­nounced dur­ing Xi’s visit, it ex­em­pli­fies US com­pa­nies’ com­mit­ment to sup­port China’s de­vel­op­ment both with cap­i­tal and world­class tech­nol­ogy.

Kissinger, who played a ma­jor role with open­ing re­la­tions be­tween China and the United States in the 1970’s, said Xi’s state visit is an im­por­tant step in lift­ing the two coun­tries’ re­la­tion­ship from the day to day solv­ing of prob­lems to the cre­at­ing of a new world or­der.

Xi will take part in a round­table dis­cus­sion with Chi­nese and Amer­i­can ex­ec­u­tives, visit Boe­ing and Mi­crosoft and a lo­cal high school be­fore fly­ing to Washington on Thurs­day morn­ing.

JASON RED­MOND / REUTERS

Chi­nese Pres­i­dent Xi Jin­ping and Washington Gover­nor Jay Inslee toast each other dur­ing a din­ner re­cep­tion in Seat­tle on Tues­day. Xi landed in Washington state for the start of a week-long US visit that will in­clude meet­ings with busi­ness lead­ers, a state din­ner at the White House hosted by Pres­i­dent Barack Obama, and an ad­dress at the United Na­tions.

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