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Xi says stable China-US ties critical to interests of two peoples, future of humanity

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Xi says stable China-US ties critical to interests of two peoples, future of humanity

2024-11-17 05:55 Last Updated At:09:17

Chinese President Xi Jinping on Saturday met with U.S. President Joe Biden on the sidelines of the 31st APEC Economic Leaders' Meeting in the Peruvian capital Lima.

Xi said he was pleased to meet with President Biden again, and said that while China-U.S. relations have gone through ups and downs over the last four years, under the joint stewardship of the two presidents, the two sides have engaged in fruitful dialogue and cooperation and their relationship has remained stable on the whole.

"The trajectory of China-U.S. relations has proved the validity of the experiences and inspirations over the past 45 years of diplomatic ties between the two sides. When the two countries treat each other as a partner and friend, seek common ground while shelving differences and help each other succeed, the China-U.S. relationship would make considerable progress. But if they take each other as a rival or adversary, pursue vicious competition and seek to hurt each other, they would roil or even set back the relationship," said Xi.

Noting that humanity is facing unprecedented challenges in a turbulent world suffering from frequent conflicts where old problems are compounded by new ones, Xi said major-country competition should not be the underlying logic of the times.

Only solidarity and cooperation can help humanity overcome the current difficulties, said the Chinese president.

"In an age of a new round of flourishing sci-tech revolution and industrial transformation, neither decoupling nor supply-chain disruption is the solution. Only mutually beneficial cooperation can lead to common development. The 'small yard, high fences' strategy is not what a major country should pursue. Only openness and sharing can advance the well-being of humanity. As two major countries, China and the United States should bear in mind the interests of the whole world, and inject more certainty and positive energy into the turbulent world," said Xi.

Xi underscored his consistent belief that a stable China-U.S. relationship, which is the world's most important bilateral relationship, is critical not only to the interests of the Chinese and American peoples but also to the future and destiny of the entire humanity.

"The two sides should bear in mind the well-being of the two peoples and the common interests of the international community, make the wise choice, keep exploring the right way for two major countries to get along well with each other, and realize the long-term, peaceful coexistence on this planet," he said.

Xi noted the recent U.S. election, and stressed that China's goal of a stable, healthy and sustainable China-U.S. relationship remains unchanged.

"China's commitment to mutual respect, peaceful coexistence and win-win cooperation as principles for handling China-U.S. relations remains unchanged; China's position of resolutely safeguarding China's sovereignty, security and development interests remains unchanged; and China's desire to carry forward the traditional friendship between the Chinese and American peoples remains unchanged," he said.

Xi said that China is ready to work with the U.S. government to maintain dialogue, expand cooperation and manage differences, so as to strive for a steady transition of the China-U.S. relationship for the benefit of the two peoples.

Xi says stable China-US ties critical to interests of two peoples, future of humanity

Xi says stable China-US ties critical to interests of two peoples, future of humanity

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China becomes innovation hub for German companies: business advocate

2024-11-17 08:04 Last Updated At:08:37

German companies in China have carried out localized strategies while increasing efforts in expanding research and development in the country to stay competitive, said a German trade association leader following the release of a recent report.

Released by AHK Greater China, the Chinese version of the 2024 Innovation Report indicates a growing trend among German companies in China to localize their research and development efforts.

Among the 324 surveyed German enterprises, 63 percent of the respondents are currently engaged in research activities in China, marking an increase of 6 percentage points compared to 2022. At the same time, 69 percent of the surveyed companies are conducting development work in China.

While attending the Xceleration Days (X-Days) 2024 in Beijing, Martin Klose, executive director of the German Chamber of Commerce in China - South and Southwest China, said targeted measures implemented by German enterprises in China aim to accelerate innovation and enhance their market competitiveness in the country.

"Their Chinese competitors are getting so strong that the German companies need to focus to understand and utilize also the unique Chinese ecosystem for innovation and they decide to work together with universities, with all the other players here in the Chinese innovation ecosystem to stay competitive," Klose said in an interview with China Global Television Network (CGTN).

The AHK report also found that 29 percent of the surveyed companies are conducting research and development aimed at global markets in China, an increase of 4 percentage points compared to two years ago.

"It certainly is becoming an innovation hub for German companies here. China is extremely important. So if you want to be successful in China, then you have to be close to the customer here. You have to do your innovation here, you have to work on your innovation capacities. This knowledge, this experience which you gain here is something which you can use in other parts of the world," Klose said.

The aggregate investment of German companies in China made up 10.3 percent of their overall overseas investment in 2023, the highest level since 2014.

Klose highlighted that several multinational German companies expressed their willingness to further explore the China market during the X-Days event.

"The going green initiative here in China, German companies have a lot of experience in both sides, in green manufacturing and also providing expertise in terms of product, to save energy, to get carbon neutral, to reach the goals that China gave itself. I think German companies and Chinese companies can cooperate really well together and support each other," he said.

X-Days 2024, a three-day gathering for Chinese and German enterprises, was held from Wednesday to Friday in the Chinese capital.

China becomes innovation hub for German companies: business advocate

China becomes innovation hub for German companies: business advocate

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