Tags: China | US | Xi | Kerry

China's Xi Warns Confrontation With US Would Be Disaster

Image: China's Xi Warns Confrontation With US Would Be Disaster U.S. Secretary of State John Kerry meets with Chinese President Xi Jinping after the Joint Opening Session of the U.S.-China Strategic and Economic Dialogue in Beijing on July 9.

Tuesday, 08 Jul 2014 11:13 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
BEIJING — Confrontation between China and the United States would be a disaster and both must respect each others' sovereignty, Chinese President Xi Jinping said on Wednesday as he opened annual talks between the world's two biggest economies.

The two-day talks being led by U.S. Secretary of State John Kerry and Treasury Secretary Jack Lew will likely take in China's currency, North Korea's nuclear program and escalating tensions between China and neighbors in the South China Sea and with Japan in the East China Sea.

Charges over hacking and Internet spying have also been a factor in tensions between Beijing and Washington. In May, the United States charged five Chinese military officers with hacking U.S. companies, prompting Beijing to suspend a Sino-U.S. working group on cyber issues. China has denied wrongdoing.

Xi said Sino-U.S. cooperation was of vital importance.

"China-U.S. confrontation, to the two countries and the world, would definitely be a disaster," he told the opening ceremony of the Strategic and Economic Dialogue at a government guest house in the west of the city.

"We should mutually respect and treat each other equally, and respect the others sovereignty and territorial integrity and respect each others choice on the path of development."

Xi added that both countries should strengthen cooperation in fighting terror and speed up talks on a bilateral investment treaty to reach an agreement at an early date.

At the talks, Kerry will raise growing U.S. concerns over China's "problematic behavior" in the South China Sea, U.S. officials said earlier.

The United States has not taken sides in the disputes but has been critical of China's behavior in the potentially energy-rich South China Sea, where the Philippines, Vietnam, Malaysia, Brunei and Taiwan have overlapping territorial claims with China.

Beijing, though, views the United States as encouraging Vietnam and the Philippines to be more aggressive in the dispute.

Kerry said the United States was not seeking to "contain" China.

"We welcome the emergence of a peaceful, stable, prosperous China that contributes to the stability and development of the region, and chooses to play a responsible role in world affairs," he said.

"We have a profound stake in each others success," Kerry added. "I can tell you that we are determined to choose the path of peace and prosperity and cooperation, and yes, even competition, but not conflict."

Washington has also begun to push for China to move to a market-driven exchange rate.

Lew has said he will push China to speed up economic reforms and do more to let the yuan rise against the dollar.

"We support China's efforts to allow the market to play a more decisive role in the economy and rely more on household consumption to drive China's economic growth. Moving to a market-determined exchange rate will be a crucial step," Lew said at the opening ceremony.

The annual talks between the U.S. and China have yielded few substantive agreements, in part because relations have grown more complex with China's increasing power.

Still, U.S. officials have underscored the importance of the discussions to help ensure the relationship doesn't drift towards confrontation.

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Experts: Putin Abandons Economy for Own 'Geopolitical Goals'

Thursday, 18 Dec 2014 15:15 PM

The continuing collapse of the Russian economy may bring a sense of pleasure to critics, but it remains unclear what imp . . .

UN Members Want NKorea in International Court for Rights Abuses

Thursday, 18 Dec 2014 12:58 PM

Member countries of the United Nations on Thursday urged the Security Council to consider referring North Korea to the I . . .

US Set to Blame North Korea for Cyber-Attack on Sony

Thursday, 18 Dec 2014 10:23 AM

U.S. officials plan to announce this week that North Korea is behind the cyber-attack that crippled Sony Pictures Entert . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved