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Outcome list of President Xi Jinping's state visit to the United States

中国日报网 2015-09-28 09:20




From September 22 to 25, 2015, at the invitation of President Barack Obama of the United States of America, President Xi Jinping of the People's Republic of China paid a state visit to the United States. During the visit, President Xi Jinping and President Obama had in-depth, candid and constructive talks. The two sides reached extensive consensus and arrived at a series of important outcomes. According to the briefing given by officials from the Foreign Ministry, the main consensus and outcomes reached by the two sides are as follows:

I. The New Model of Major-country Relationship Between China and the United States

1. The two sides commended the important outcomes of the meeting at Sunnylands in 2013, the meeting in Beijing in 2014 and the meeting in Washington in 2015 between the two presidents, and agreed to continue the endeavor to build a new model of major-country relationship between China and the United States based on mutual respect and win-win cooperation. The two sides agreed to maintain close communication and exchanges at high and other levels, further expand practical cooperation at bilateral, regional and global levels, manage differences in a constructive way to achieve new concrete results in China-U.S. relations to the greater benefit of people of the two countries and the world.

2. The two sides agreed that, as permanent members of the United Nations Security Council and countries with important global influence, China and the United States should remain committed to maintaining a strong China-U.S. relationship to contribute to the peace, stability and prosperity of the world and the region. The United States welcomes a strong, prosperous and stable China that plays a greater role in international and regional affairs. The United States supports China's stability and reform. China respects the traditional influence and practical interests of the United States in the Asia-Pacific and welcomes the United States to continue to play a positive and constructive role in regional affairs.

II. Bilateral Practical Cooperation

3. China and the United States recognize their shared interest in promoting a strong and open global economy, inclusive growth and sustainable development, and a stable international financial system, supported by the multilateral economic institutions founded at the end of World War II that have benefited the peoples of both nations. Both countries recognize and value the substantial contributions that the international financial institutions have made to global growth, higher incomes, the alleviation of poverty, and the maintenance of financial stability since their establishment. The rules-based international economic system has helped to propel China's unprecedented economic growth over the past 35 years, lifting hundreds of millions of people out of poverty. The United States has also benefited from the emergence of a global middle class that, by 2030, is projected to include more than 3 billion consumers in Asia alone. U.S. exports of goods and services supported approximately 12 million jobs in the United States in 2014. China has a strong stake in the maintenance and further strengthening and modernization of global financial institutions, and the United States welcomes China's growing contributions to financing development and infrastructure in Asia and beyond. The international financial architecture has evolved over time to meet the changing scale, scope, and diversity of challenges and to include new institutions as they incorporate its core principles of high standards and good governance. Both countries are committed to supporting this international architecture and welcome the greater role of the G20 in global economic governance to ensure an inclusive, resilient, and constantly improving international economic architecture to meet challenges now and in the future. In light of China's increased share of global economic activity and increased capacity, the United States welcomes China playing a more active role in and taking on due responsibility for the international financial architecture, as well as expanded bilateral cooperation to address global economic challenges. To this end:

(1) China and the United States commit to strengthening and modernizing the multilateral development financing system. Both countries resolve to further strengthen the World Bank, Asian Development Bank, African Development Bank and Inter-American Development Bank by enhancing their financial capacity, reforming their governance, and improving their effectiveness and efficiency. Consistent with its development, in addition to being a shareholder and borrower, China intends to meaningfully increase its role as a donor in all these institutions. Both sides acknowledge that for new and future institutions to be significant contributors to the international financial architecture, these institutions, like the existing international financial institutions, are to be properly structured and operated in line with the principles of professionalism, transparency, efficiency, and effectiveness, and with the existing high environmental and governance standards, recognizing that these standards continuously evolve and improve.

(2) China and the United States reaffirm the importance of the MDBs in meeting the needs of the poorest countries through robust financial contributions to the International Development Association, Asian Development Fund, and African Development Fund. China is to meaningfully increase its contributions to the MDB concessional windows, consistent with its capacity. Both countries commit that the MDBs should continue to explore options to increase their lending capacity, including through using existing resources, and regularly reviewing their capital with an assessment of whether a capital increase is warranted. Both countries commit to continued efforts on MDB balance sheet optimization. China and the United States commit to collaborate on the World Bank shareholding review roadmap, including development of a shareholding formula and review of the World Bank's capital needs in 2017. Both sides also recognize that the middle income countries still face challenges in alleviating poverty and that the MDBs have a role in addressing those specific needs.

(3) China and the United States commit to strengthen their cooperation in the International Monetary Fund (IMF), and continue to improve the IMF's quota and governance structure. The United States commits to implement the 2010 IMF quota and governance reforms as soon as possible and reaffirms that the distribution of quotas should continue to shift toward dynamic emerging markets and developing countries to better reflect the relative weight of IMF members in the world economy. China and the United States affirm the efforts of the IMF Executive Board to pursue an interim solution, which aims to converge quota shares to the extent possible to the levels decided under the 14th Review. However, the interim solution should not constitute or be seen in any way as a substitute for the 2010 reforms. China and the United States are to support the Executive Board's work on the 15th Review of Quotas, including a new quota formula, using the 14th Review as a basis.

(4) China and the United States commit to development finance cooperation in a third country through the multilateral development banks, respecting the ownership of the recipient countries.

(5) The United States welcomes China's commitment to release economic data following the IMF's Special Data Dissemination Standards (SDDS) by the end of the year and welcomes China's continued efforts to enhance transparency. China recognizes the importance to successful RMB internationalization of meeting the transparency standards of other major reserve currencies. The United States supports China's commitment to implement further financial and capital market reforms, and accordingly the United States reiterates its support for the inclusion of the RMB in the SDR basket provided the currency meets the IMF's existing criteria in its SDR review. Both countries commit to respect the IMF's procedures and process in the SDR review, and to enhance their communication on this issue.

(6) China and the United States look forward to continuing to discuss mechanisms to facilitate renminbi trading and clearing in the United States.

(7) China and the United States welcome the important progress that has been made in the negotiation of new international guidelines on officially supported export credits since the establishment of the International Working Group on Export Credits (IWG) through a joint high level commitment in 2012. China and the United States reaffirm their support for IWG guideline coverage of official export credit support provided by or on behalf of a government, including, but not limited to, official export credit support provided by official export credit policy financial institutions, and look forward to further discussing the scope of the guideline coverage at the next IWG meetings in October. China and the United States reaffirm that the guidelines should help ensure that governments complement commercial export financing, while promoting international trade.

4. China and the United States recognize the positive progress of the ongoing bilateral investment treaty (BIT) negotiation. The Leaders reaffirm as a top economic priority the negotiation of a high standard BIT that reflects a shared commitment to the objectives of non-discrimination, fairness, and transparency, that effectively facilitates and enables market access and market operation, and that represents on each side an open and liberalized investment regime. In light of the progress made in the BIT negotiations and both sides' improved negative list proposals in September, China and the United States commit to intensify the negotiations and to work expeditiously to conclude the negotiation of a mutually beneficial treaty that meets these high standards.

5. The U.S. side reiterated its commitment to encourage and facilitate exports of commercial high technology items to China for civilian-end users and for civilian-end uses. Both sides commit to continue detailed and in-depth discussion of the export control issues of mutual interest within the China-U.S. High Technology and Strategic Trade Working Group.

6. China and the United States commit to limit the scope of their respective national security reviews of foreign investments (for the United States, the CFIUS process) solely to issues that constitute national security concerns, and not to generalize the scope of such reviews to include other broader public interest or economic issues. China and the United States commit that their respective national security reviews apply the same rules and standards under the law to each investment reviewed, regardless of country of origin. When an investment poses a national security risk, China and the United States are to use their respective processes to address the risk as expeditiously as possible, including through targeted mitigation rather than prohibition whenever reasonably possible. The national security review of each country is applicable only to investments completed after such review process is established. Once an investment has completed the national security review process of either country, the investment generally should not be subject to review again if the parties close the investment as reviewed under the respective national security review process. In their respective national security reviews, China and the United States commit not to use information, provided by entities not party to an investment, for the purpose, unrelated to national security, of promoting the commercial interests of a competitor of a party to that investment. China and the United States commit to continue exchanging views on issues regarding their respective national security reviews in the future, including the scope of each country's national security review process and the role in each country's national security review process for entities not party to an investment.

7. The United States welcomes investment from all countries, including China. The United States commits to maintain an open investment environment for Chinese investors, including state-owned enterprises, as with investors from other countries. The United States reaffirms its open investment policy and a commitment to treat all investors in a fair and equitable manner under the law. China and the United States commit to continue to communicate on bilateral investment issues, to promote development of bilateral investment.

8. The two sides welcome the promotion of China-U.S. sub-national economic and trade and investment cooperation. In that vein, the Chinese Ministry of Commerce and U.S. Department of Commerce and endeavor to complete a memorandum of understanding highlighting the priority that each agency places on facilitating sub-national economic, trade, and investment cooperation at this year's China-U.S. Joint Commission on Commerce and Trade. As an example of such cooperation already taking place, the two sides are heartened by the role the Trade and Investment Cooperation Joint Working Groups established between Chinese provinces and cities and the U.S. states of California, Iowa, Texas, Michigan, and Washington and the city of Chicago and welcome the establishment of similar mechanisms.

9. China and the United States affirm the positive role that Select Reverse Trade Missions play in introducing U.S. advanced technologies to projects of mutual interest and promoting bilateral trade towards a more balanced direction. Both sides affirm that Select Reverse Trade Missions are conducive to promoting cooperation of both countries' enterprises in priority areas including energy, environment, healthcare, aviation and agriculture, which serves the common interests of China and the United States. Based on the discussions at the 7th Strategic and Economic Dialogue, the Ministry of Commerce of China and the U.S. Trade and Development Agency commit to organize two targeted Select Reverse Trade Missions that bring two Chinese delegations to the United States to introduce them to U.S. goods and services, consistent with U.S. laws and policies, related to green infrastructure and green construction, including green engineering and design, green building and building efficiency, construction waste recycling, distributed energy, and smart city construction.

10. China and the United States highly value the important role the China-U.S. Joint Commission on Commerce and Trade (JCCT) plays in promoting bilateral economic relations and expanding mutually beneficial cooperation. Both countries are to ensure the success of the 26th JCCT by making progress on key trade matters of their business communities.


11. Technology is one of the pillars of the bilateral economic relationship between the China and the United States. Creating the conditions for expanded two-way trade and investment in the technology sector and avoiding measures that restrict it are critical to sustaining positive momentum in the economic relationship between our countries.

(1) Both countries affirm the value of adopting technology-product international standards that have been developed in an open, transparent, market-driven, and balanced manner that allow for due process. Furthermore, both countries recognize that industry's participation in standards development without undue government influence is fundamental to rapid innovation and technology development.

(2) Both countries affirm the importance of competition policy approaches that ensure fair and non-discriminatory treatment of entities and that avoid the enforcement of competition law to pursue industrial policy goals.

(3) Both countries commit that generally applicable measures to enhance information and communication technology cybersecurity in commercial sectors (ICT cybersecurity regulations) should be consistent with WTO agreements, be narrowly tailored, take into account international norms, be nondiscriminatory, and not impose nationality-based conditions or restrictions, on the purchase, sale, or use of ICT products by commercial enterprises unnecessarily.

(4) Both countries affirm that generally applicable measures regulating technology products in the commercial sector benefit from meaningful consultation with the private sector, governments, and other stakeholders to encourage innovative, flexible, and cost-effective solutions.

(5) China and the United States affirm the importance of developing and protecting intellectual property, including trade secrets, and commit not to advance generally applicable policies or practices that require the transfer of intellectual property rights or technology as a condition of doing business in their respective markets.

(6) Both countries affirm that states should not conduct or knowingly support misappropriation of intellectual property, including trade secrets or other confidential business information with the intent of providing competitive advantages to their companies or commercial sectors. Both countries affirm that states and companies should not by illegal methods make use of technology and commercial advantages to gain commercial benefits.

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