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December 14, 2017

China open to reforms, says Xi Jinping in Seattle


Newsroom24x7 Desk

xi jinpingSeattle : While Indian Prime Miniister Narendra Modi has already begun his US tour via Ireland, his Chinese counterpart and personal friend did the same and went a step further in declaring the strategies of discussions with US. Chinese President Xi Jinping has sought to reassure US business leaders, in a wide-ranging speech covering China’s economic reforms and cyber crime.

Speaking in Seattle at the start of his state visit to the US, Xi said that China is committed to inter-country business strategies and Chinese environment is open for foreign firms, who are welcome to visit and invest in China,

Having faced severe criticism on currency handling by Chinese government, Xi stated that Beijing would not manipulate its currency to boost exports. Another critical matter which has been putting China in odds – cyber issue found mention in Xi Jinping’s statements and he clarified that Beijing denies its engagement in hacking and China would co-operate with Washington on the issue.

Hacking and economic reforms are expected to come up when Xi meets his US counterpart Barack Obama in White House on Friday as both these issues have led to strained ties between the two countries.

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