Pre­mier Li eyes deeper China-US trust

Pakistan Observer - - INTERNATIONAL -

OUR COR­RE­SPON­DENT BEI­JING—China is will­ing to main­tain high-level in­ter­ac­tion with the United States to pro­mote the sus­tain­able, healthy and sta­ble de­vel­op­ment of bi­lat­eral ties, Pre­mier Li Ke­qiang said on Wed­nes­day.

China and the United States should jointly strive to deepen mu­tual trust and ex­pand co­op­er­a­tion, Li said when meet­ing with U.S. Sec­re­tary of State John Kerry and Trea­sury Sec­re­tary Ja­cob Lew, who at­tended the eighth round of China-U.S. Strate­gic and Eco­nomic Di­a­logues and the sev­enth round of China-U.S. High-Level Con­sul­ta­tion on Peo­ple-to-Peo­ple Ex­change in Bei­jing.

Not­ing that the two sides’ com­mon in­ter­ests “far out­weigh” their dif­fer­ences, Li said the two coun­tries should man­age dif­fer­ences in a con­struc­tive man­ner. Last year, two-way trade and in­vest­ment vol­umes both hit his­toric high, and China has for the first time be­come the big­gest trade part­ner of the United States.

China is will­ing to deepen eco­nomic and trade co­op­er­a­tion with the United States, ac­cord­ing to Li.

De­scrib­ing fric­tions in bi­lat­eral co­op­er­a­tion as nor­mal, the pre­mier said the two sides should focus on the big pic­ture and main­stream.

He ex­pressed the hope that the United States will honor its com­mit­ment stip­u­lated in the pro­to­col on China’s ac­ces­sion into the World Trade Or­ga­ni­za­tion (WTO).

Li also re­it­er­ated that China’s cur­rency ren­minbi has no grounds to de­pre­ci­ate con­tin­u­ously, and China does not in­tend to stim­u­late ex­ports via a “cur­rency war” or “trade war.”

China, he said, is ca­pa­ble of main­tain­ing the ren­minbi ex­change rate at a rea­son­able and bal­anced level. When asked about in­dus­trial over­ca­pac­ity, the pre­mier said many coun­tries face sim­i­lar prob­lems, and the fun­da­men­tal rea­son lies in the fee­ble world economy re­cov­ery, slug­gish in­ter­na­tional trade growth and de­clin­ing mar­ket de­mand.

China stands firm to ad­dress in­dus­trial over­ca­pac­ity ac­cord­ing to the rules of the mar­ket economy, Li said.

Kerry and Lew hailed the out­comes of the high-level di­a­logues, say­ing the mech­a­nism con­trib­utes to deeper U.S.-China co­op­er­a­tion.

As the world’s two big­gest eco­nomic en­ti­ties, more com­mu­ni­ca­tion and co­op­er­a­tion be­tween the United Stated and China will ex­ert a ma­jor in­flu­ence on the global economy, they said.

The two U.S. of­fi­cials also said their coun­try is will­ing to speed up ne­go­ti­a­tions on a bi­lat­eral in­vest­ment treaty and closely co­op­er­ate with China un­der the G20 frame­work. an arm of the out­lawed Kur­dish PKK rebel group.

The par­lia­men­tar­i­ans at risk of pros­e­cu­tion fall roughly into three cat­e­gories: those who are ac­cused of in­sult­ing the pres­i­dent, and those un­der in­ves­ti­ga­tion for cor­rup­tion or other crim­i­nal of­fenses, and those who like HDP mem­bers are ac­cused of sup­port­ing the PKK.

The Turk­ish state has been locked in re­newed con­flict with Kur­dish fight­ers since last sum­mer when a 2 ½year truce with the Kur­dis­tan Work­ers’ Party, or PKK, col­lapsed. Kur­dish rebels have set up trenches, bar­ri­cades and ex­plo­sives to keep the au­thor­i­ties out of ar­eas where they want au­ton­omy.

The HDP, which backs Kur­dish and other mi­nor­ity rights, de­nies ac­cu­sa­tions that it is the po­lit­i­cal front of the PKK. The party has urged the gov­ern­ment to end se­cu­rity op­er­a­tions in the south­east and to re­sume peace ef­forts.—Agen­cies

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