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A Rewarding State Visit
Cover Stories Series 2011> A Rewarding State Visit
UPDATED: January 27, 2011 NO. 5 FEBRUARY 3, 2011
Small Steps, High Stakes
China and the United States advance their relationship in a measured way

China-U.S. Joint Statement

- China and the United States on January 19 issued a joint statement.

- Major topics included:Strengthening China-U.S. relations

- Promoting high-level exchanges

- Addressing regional and global challenges

- Building a comprehensive and mutually beneficial economic partnership

- Cooperating on climate change, energy and the environment

- Expanding people-to-people exchanges

(Source: www.fmprc.gov.cn)

Hu's Proposals

Chinese President Hu Jintao unveiled five proposals on Sino-U.S. relations at a White House summit with U.S. President Barack Obama on January 19. Excerpts of his proposals follow:

- China and the United States should develop a political relationship based on equality, mutual trust and common ground, while putting aside differences. The two sides should firmly maintain dialogue and cooperation, enhance understanding and trust through dialogue, reduce misunderstanding through communication, promote development and prosperity through cooperation and consolidate common interests.

- Both sides should deepen the cooperative and mutually beneficial economic relationship. China expects to conduct economic cooperation comprehensively with the United States, make efforts hand-in-hand to address trade imbalances, jointly promote free trade and oppose trade protectionism, boost the healthy and stable progress of bilateral trade relations and push for substantial progress in the Doha Round of WTO talks.

- The two countries should cooperate globally to deal with challenges. As big powers, China and the United States should play a responsible and constructive role, push forward the reform of the international financial, trade and economic systems, maintain world peace, boost common development and step up cooperation to handle regional hot-spot issues like the Korean Peninsula situation and the Iranian nuclear issue, as well as the global challenges of climate change, terrorism, cross-border crime, communicable diseases and natural disasters.

- Chinese and U.S. citizens should be widely encouraged to participate in the China-U.S. relationship. The two sides should encourage the relevant government agencies and civil organizations to help their citizens, especially their youth, to better understand the importance of China-U.S. relations. The two nations should also help these people to increase mutual understanding and friendship, become enthusiastic about the relationship and cement the social and public foundation for bilateral ties.

- The two countries should forge high-level contacts based on deep communication and candid dialogue. The two heads of state will continue to keep close contact through meetings, talks and letters. Both sides should fully use the mechanisms of the China-U.S. Strategic and Economic Dialogue, High-Level Consultation on People-to-People Exchange, Joint Commission on Commerce and Trade and Joint Commission on Science and Technology, to reinforce dialogue, exchanges and consultation.

(Source: www.fmprc.gov.cn)

New Deals, New Jobs

A large number of business agreements were announced during Chinese President Hu Jintao's state visit to the United States on January 18-21. The deals, worth more than $45 billion in increased U.S. exports, will help support an estimated 235,000 jobs in the United States. Some of the deals associated with Hu's visit include:

- China approved airline contracts for 200 orders with Boeing that cover aircraft to be delivered over a three-year period, from 2011 to 2013. The agreement will support more than 100,000 American jobs, including those in Boeing and its suppliers throughout the United States.

- The Chinese Ministry of Railways and General Electric (GE) signed a letter of intent expanding upon an existing strategic partnership to bring Chinese high-speed rail technology to the United States.

- GE and the China Shenhua Energy Co. Ltd. formed a joint venture company in order to combine GE's expertise in gasification and cleaner power generation technologies with Shenhua's expertise in building and operating gasification and power generation facilities.

- The New Jersey-based Honeywell International Inc. entered into an agreement with the Haier Group to collaborate on the development and promotion of low-emission, high-energy-efficiency products and solutions.

- New York-based Alcoa and the China Power Investment Corp. announced a memorandum of understanding to collaborate on a broad range of aluminum and energy projects representing an estimated $7.5 billion in investment.

(Source: www.whitehouse.gov)

(With reporting by Chen Wen in Washington, D.C.)

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