A Background Briefing by Senior Administration Officials on the Visit of President Xi Jinping of the People’s Republic of China focused on the opportunity for the two leaders to exchange views on each other’s respective priorities and to chart a way forward for the U.S.-China bilateral relationship.
” Together, the United States and China represent 40% of the global economy, and as the world’s two largest economies, there’s no greater or more consequential economic relationship. Indeed, our economies have become increasingly interdependent through growing trade and investment.
‘The key premise of our economic relationship is that bilateral trade and investment should be mutually beneficial. However, progress on a range of bilateral economic issues has become increasingly difficult. This reflects a slowdown and, in certain cases in our view, a retreat in China’s move toward giving the market a more decisive role in the Chinese economy. …
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