Biden Accepted &Nbsp In Chinese Media And Stressed The Importance Of Improving Sino US Relations.

Before launching a four day visit to China, vice president Biden (Joe Biden) was interviewed by China's main official newspaper. In an interview, he made positive statements to China, welcoming Chinese companies to invest in the United States, and reiterated that they would resolve China's important complaint in trade through easing restrictions on exports.

　 Biden He arrived in Beijing on Wednesday and began talks with Chinese leaders on Thursday. On the eve of his departure from Washington, he was interviewed by the people's daily, the mouthpiece of the Communist Party of China. In his interview, he stressed the need to improve Sino US relations.

People's Daily quoted Biden as saying that we are determined to establish bilateral relations on a stable track that can last for decades.

The interview of people's daily did not directly touch on the two problems of the US financial crisis and the prospect of US arms sales to Taiwan. These two questions are expected to be the core of Biden's trip.

But in an interview with China's leading independent business magazine, finance and economics, Biden said that the Obama administration is "committed" to safeguard the foundation of the US economy and ensure the safety, discounting and value of US government bonds to all its investors. The interview was released on Wednesday in the financial network.

Biden said in an interview that this is first a firm commitment to American citizens who are the holders of most of the bonds of the US government, and this is also a firm commitment to all foreign investors, including China. Promise 。

Finance and economics quoted Biden as saying that the recent agreement between the democratic and the Republican parties on raising the US debt ceiling and reducing the deficit will help maintain a responsible financial line in the United States. In the next few months, President Obama and I will urge Congress to promulgate a drastically cut deficit bill and take more measures to stimulate employment and consolidate the recovery of the US economy.

At the same time, China continues to openly worry about Washington's economic policy and the security of its US Treasury bonds. It is estimated that the total amount of treasury bonds held by China is at least 1 trillion and 200 billion dollars, which occupies a large share in China's US dollar denominated foreign exchange reserves.

The overseas edition of the people's Daily published a commentary on the front page by Professor Shen Dingli of Fudan University on Wednesday. The article urged the US government to "take the responsibility seriously and take practical measures."

Xiao Gang, chairman of the Bank of China, issued a written article in China Daily on Wednesday that the United States should avoid the introduction of the third round of quantitative easing (usually called QE3) and tighten monetary policy to enhance global confidence in the US dollar. Under quantitative easing, the Federal Reserve will buy assets such as US Treasury bonds to keep interest rates low. stimulate Economics.

He said that the introduction of QE3 may boost financial markets and commodity markets in the short term, but will create new asset bubbles and further exacerbate inflation expectations, which will bring problems to their own economies and emerging economies. He also said that the downgrade of the US credit rating triggered the turmoil in the international market, and there is a real sense that a new crisis is rapidly approaching.

According to the people's daily, Biden said in an interview that he and Obama are committed to the reform of export restrictions, hoping to enhance the competitiveness of the United States and stimulate the export of the United States.

Chinese officials have repeatedly urged the United States to relax restrictions on exports of high-tech products to China. They say export restrictions have reduced US exports to China, which has exacerbated the Sino US trade surplus.

According to the people's daily, Biden said that less than 1% of US exports to China were restricted by export restrictions last year. He also said that I think we should devote ourselves to many other effective ways so that we can expand our trade together and achieve a more balanced economic relationship.

Biden also sought to eliminate the dissatisfaction of Chinese officials and company executives against China's political resistance in investing in the US.

People's Daily quoted Biden as saying that we welcome and encourage Chinese companies investing overseas to first look at the US; foreign investors benefit from our open, transparent and non discriminatory investment environment.

During his visit to China, Biden will hold many meetings with Chinese Vice President Xi Jinping. It is widely expected that Xi Jinping will succeed Hu Jintao as general secretary of the CPC Central Committee next year and will become president of the CPC in 2013.

Xi Jinping will also make an exception with Biden to visit Dujiangyan and Chengdu of Sichuan province. In 2008, Sichuan was seriously damaged in the great earthquake. Biden will end his visit to China next Monday to Mongolia.