Chinese President Xi Jinping to push for "win-win results" in trade disputes with the U.S.
Arirang News
2018-04-11
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Chinese President Xi Jinping revealed Beijing's economic plans.
While showing willingness to open up China's economy, he expressed hopes of settling trade disputes with the United States.
Cha Sang-mi zooms in on his announcement as well as the reactions from leaders around the world.
Chinese President Xi Jinping, during his keynote speech at the Boao Forum for Asia on Tuesday, said China would further open its market, especially in the banking, manufacturing, and auto sectors.
Touching upon various topics, President Xi urged the global community to treat each other with respect, and as equals, to work toward a more peaceful and open community.
When it comes to trade tensions with the United States, Xi called for dialogue rather than confrontation, and expressed his wish to achieve peaceful development with "win-win results."
Xi also vowed to strengthen intellectual property rights, which had been one of main trade complaints of the United States.
"We encourage Chinese and foreign companies to engage in normal communication and cooperation. We will protect the legal intellectual property of foreign firms in China. At the same time, we hope that foreign governments will increase their protection of Chinese firms' intellectual property."
Global leaders may have had their eyes on the escalating U.S.-China trade disputes, as they spoke out against the tit-for-tat tariff measures, fearing they might threaten "the security and stability of the world."
"A trade war between China and the U.S. is still far from inevitable, but if one does happen, it will undermine the multilateral trading system, which has underpinned global prosperity. Countries big and small will be affected."
Xi Jinping pledged China was "not to threaten anyone", "attempt to overturn the existing international system" nor to seek to expand spheres of influence.
The four-day forum takes place in southern China's Hainan province until Wednesday under the theme of "An Open and Innovative Asia for a World of Greater Prosperity."
Some 2-thousand participants from more than 60 nations are attending the annual conference, as well as leaders of some of the world's top 5-hundred companies.
Cha Sang-mi, Arirang News.
While showing willingness to open up China's economy, he expressed hopes of settling trade disputes with the United States.
Cha Sang-mi zooms in on his announcement as well as the reactions from leaders around the world.
Chinese President Xi Jinping, during his keynote speech at the Boao Forum for Asia on Tuesday, said China would further open its market, especially in the banking, manufacturing, and auto sectors.
Touching upon various topics, President Xi urged the global community to treat each other with respect, and as equals, to work toward a more peaceful and open community.
When it comes to trade tensions with the United States, Xi called for dialogue rather than confrontation, and expressed his wish to achieve peaceful development with "win-win results."
Xi also vowed to strengthen intellectual property rights, which had been one of main trade complaints of the United States.
"We encourage Chinese and foreign companies to engage in normal communication and cooperation. We will protect the legal intellectual property of foreign firms in China. At the same time, we hope that foreign governments will increase their protection of Chinese firms' intellectual property."
Global leaders may have had their eyes on the escalating U.S.-China trade disputes, as they spoke out against the tit-for-tat tariff measures, fearing they might threaten "the security and stability of the world."
"A trade war between China and the U.S. is still far from inevitable, but if one does happen, it will undermine the multilateral trading system, which has underpinned global prosperity. Countries big and small will be affected."
Xi Jinping pledged China was "not to threaten anyone", "attempt to overturn the existing international system" nor to seek to expand spheres of influence.
The four-day forum takes place in southern China's Hainan province until Wednesday under the theme of "An Open and Innovative Asia for a World of Greater Prosperity."
Some 2-thousand participants from more than 60 nations are attending the annual conference, as well as leaders of some of the world's top 5-hundred companies.
Cha Sang-mi, Arirang News.
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