Biden: The US Side Will Ensure China'S Investment In The US And The Security Of US Dollar Debt.

The world is changing and China and the US are changing.

The two "rival" with great disparity in strength in the past has become the world's "partner".

1979, 2001, 2011, Biden's three visit to China.

It may be a coincidence that the 68 year old vice president, who has been in the political arena for nearly 40 years, has come to China in an important pition period. It also coincides with the initial stage of Sino US relations.

Interlude with people

In the evening of August 17th,

The Georgetown University team was the first opponent of the Chinese men's basketball team to the United States in 1978, and is now on a two week tour of China.

Just last year, the JOYOU raptors in Shanxi just introduced the former NBA all star player Stephen Mabury.

After sitting on the railings of the Georgetown University team, Biden saw the first time in the first half, but he saw the beautiful slam dunk of the Chinese and American players. He also chatted with the audience and chatted with the audience. He readily accepted a Chinese audience to take pictures of himself with iPad.

The warmth of the sports arena has evoked countless memories of the past.

After watching the basketball match, the vice president Biden's first lunch in China showed more people's affinity: 18 noon, after the end of talks with Vice President Xi Jinping, Biden and his party came to a drum house called "yao ji Gan Gan" snack bar, ordered 5 bowls of fried noodles, 10 steamed bun, mixed cucumber, cold Chinese yam, cold potato chips, cola......

It costs 79 yuan.

The vice president of the United States took out a hundred yuan to settle the bill, and the rest used the American custom as a tip.

He also introduced his accompanying granddaughter Naomi Biden to the people around him. Biden took her hand out of the air force 2 hatch the night before.

A Chinese woman sitting there chatted to him about his relatives in Minnesota, where the diners appeared to take out their cell phones and photograph them.

Careful people will find that "stir fried liver" is the sign of this shop, but this Beijing famous snack has not become the selected dish.

The difference in eating habits can be regarded as a miniature of the differences between China and the US.

Fortunately, no fried liver and fried noodles can be chosen.

Whether it is the people or the governments of the two countries, "respecting each other and focusing on common" is also the right choice.

19 morning, Beijing Hotel.

Vice President Biden and vice president Xi Jinping attended a forum of Chinese and American entrepreneurs.

Just the day before, with the adverse data such as the number of initial jobless claims, the US stocks plunged again following the S & P's downgrade of the US sovereign debt rating, and the Dow Jones index fell 419 points.

Market volatility has become the norm.

As the two largest economy in the world, China and the United States have the need to jointly boost market confidence.

Vice President Xi Jinping said in his speech, "believe in the resilience and self-healing ability of the US economy, and believe that the US economy will surely achieve better development in dealing with challenges."

Vice President Xi Jinping's confidence in the US economy is obviously not groundless. This resilience comes from the advantages of the United States in terms of innovation and labor efficiency.

He also stressed that China's economy will never come to a hard landing.

The Chinese leader has promised that China will effectively strengthen intellectual property protection and treat products equally in independent innovation, government procurement and so on.

He also hoped that the US side would exclude interference in trade and investment protectionism, and take early actions to ease restrictions on export of US high-tech products and Chinese enterprises to invest in the US.

At the day's symposium, Biden saw two familiar Enterprises -- Caterpillar and DuPont Co.

In 1979, Biden, a senator, came to China for the first time, and the heads of the two companies were among the accompanying members.

Today, the same two companies, two different bosses face different leaders from China and the United States.

This is undoubtedly the true "Chinese story" of American enterprises.

In the face of today's Chinese entrepreneurs, Biden frequently mentioned that China's enterprises and entities are welcome to invest in the United States and create more job opportunities for the United States.

For such a statement, Chinese enterprises are more realistic.

Chinese entrepreneurs present are generally optimistic about the outlook of the US economy.

China's US dollar assets account for about 60% of the foreign currency assets. Li Lihui, President of the Bank of China (2.94, -0.02, -0.68%), does not deny the worry about the depreciation of the US dollar. But he also said: "the US debt is still one of the best foreign currency assets, and the economic development is cyclical. From the historical perspective, we also believe in the ability of the US government to manage the economy and finance."

Liu Chuanzhi, chairman of Lenovo's board of directors, told reporters that the profits of Lenovo in the US in the quarter were over $8 million last year, to $70 million.

At the same time, Lenovo employs more than 2000 people locally.

Reporters told him about the Lenovo ads in Transformers 3, and Liu Chuanzhi laughed and talked about the integration of cross cultural backgrounds: "for example, after Lenovo's IBM personal computer business, after four or five years of running in, people from different cultural backgrounds work together to make strategies, which may be a problem for many Chinese enterprises to invest in the US."

Biden said the US side agreed to strengthen bilateral cooperation in market access and two-way investment with China.

However, Sino US relations experts also pointed out that due to political reasons such as the US Congress's "overseas investment safety review" and other political reasons, CNOOC's acquisition of Unocal and other major acquisitions ended in abortion.

In an interview with reporters, Qu Xing, director of the China Institute of international studies, said that the US government had difficulty in deciding the decisions of the Congress, but pushing them from the government's perspective was a positive sign after all.

Interaction in Zhongnanhai

On the afternoon of 19, Zhongnanhai, purple Guang Ge, Wen Jiabao met Biden.

At the beginning of the meeting, Wen Jiabao first laughed at the common ground between him and Biden. He said, "the two of us are in the same year. You have been serving the public service for 35 years, and I have been in Beijing for 30 years."

You like sports, and I also like sports and sports.

Wen Jiabao also affirmed Biden's work to ensure economic stability in the United States. He said, "during this time, you played a key role in determining the upper limit of the US debt, reducing the deficit, ensuring the stability of the US economy, and assisting President Obama in doing a lot of work."

Wen Jiabao said that although the US economy still has some difficulties at present, he fully believes that the United States can overcome difficulties and embark on a healthy track of development.

The prosperity and stability of the United States is conducive to the whole world.

Since visiting China, Biden has been widely exposed to all walks of life in China. Wen Jiabao believes that this conveys a strong desire to develop Sino US relations, both for China and the United States, and for the whole world.

"You specifically told the Chinese people that the United States solemnly promised to maintain credibility for all Treasuries, that is, to maintain its security, liquidity and value preservation.

This will undoubtedly enhance investor confidence, "Wen Jiabao said." I want to talk with you about economic issues. "

Biden's trip to Beijing was very compact.

During the two days of 18 and 19 days, he met and communicated with many Chinese leaders.

The topic is quite extensive, but the most striking thing is the economic topic.

During his meeting with Premier Wen Jiabao, Biden made a pledge that the US side will ensure investment in the US and the security of US dollar debt. He also talked with many Chinese leaders about welcoming Chinese enterprises to expand their investment in the US.

Echoing the general situation, on the 18 day, Obama said that the US economy does not currently have the risk of "two bottom finding".

It is hoped that vice president Biden's past "Beijing time" can help deepen understanding and mutual trust between China and the United States, and work together on the basis of equality, mutual benefit and mutual respect to get out of the two dip of the global economy.

Only in this way can confidence be truly implemented.