Chinese President Xi Jinping had a virtual meeting with US President Joe Biden on November 16, 2021. The two sides had thorough and in-depth communication and exchanges on issues of strategic, overarching and fundamental importance shaping the development of China-US relations and on important issues of mutual interest.
On trade ties, President Xi described the China-US economic and trade relations as mutually beneficial in nature. Business is business. Economic and trade issues between the two countries should not be politicized. The two sides need to make the cake bigger for cooperation. China takes seriously the wishes of the US business community to travel to China more easily and has agreed to upgrade fast-track arrangements, which will further enhance economic and trade exchanges between China and the US and boost the recovery of the two economies. The US should stop abusing or overstretching the concept of national security to suppress Chinese businesses. It is imperative for China and the US to maintain communication on macroeconomic policies, support world economic recovery and guard against economic and financial risks. The US should be mindful of the spillover effects of its domestic macro policies and adopt responsible macroeconomic policies.
The two sides agreed to maintain close communication in different forms and steer China-US relations back on the right track of sound and steady development, for the good of the people in both countries and around the world.
