Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Summits
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Geraldine Fabrikant
Jack & Suzy Welch
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (1)
Slideshow
Video
Full Focus
Photos of the week
Our best photos of the week. Full Article
Images of January
Best photos of the year 2011
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Romney's struggles fuel talk of brokered convention
17 Feb 2012
Stars come out for Whitney Houston's funeral
|
12:18am EST
Google's Schmidt may sell about 2.4 million shares
17 Feb 2012
Italian police seize $6 trillion of fake U.S. bonds
|
17 Feb 2012
Mystery fossil turns out to be giant fungus
24 Apr 2007
Discussed
258
Obama proposes $800 million in aid for ”Arab Spring”
242
It’s bailout or chaos, PM Papademos tells Greece
164
REFILE-Al Gore takes aim at ”unsustainable” capitalism
Watched
Huge baby shocks parents
Tue, Feb 7 2012
Mourners visit Whitney funeral home
Fri, Feb 17 2012
Humanoid robot makes storefront debut in Valentine's experiment
Fri, Feb 10 2012
China's Xi sells U.S. trade elixir, personal chemistry
Tweet
Share this
Email
Print
Related News
Obama, eyeing China, to boost export financing
Fri, Feb 17 2012
UPDATE 3-Dreamworks Animation heads to China
Fri, Feb 17 2012
Xi waves off China economy fears, triggers deals
Fri, Feb 17 2012
Romney, Obama campaign spar over China policy
Thu, Feb 16 2012
China's Xi, US officials talk food trade in Iowa
Thu, Feb 16 2012
Analysis & Opinion
A night at the Grammys
Washington Extra – Post script
Related Topics
World »
Politics »
China »
Related Video
Xi says no hard landing for Chinese economy.
Fri, Feb 17 2012
1 of 2. Chinese Vice President Xi Jinping (L) and his United States counterpart Joe Biden address a meeting with governors and Chinese provincial officials at Walt Disney Hall in Los Angeles, California February 17, 2012. Xi, China's leader-in-waiting to President Hu Jintao, is wrapping up a five-day visit to the United States with a two days of business talks Los Angeles.
Credit: Reuters/David McNew
By Chris Buckley and Edwin Chan
LOS ANGELES |
Sat Feb 18, 2012 1:25am EST
LOS ANGELES (Reuters) - China's leader-in-waiting Xi Jinping on Friday swiped away fears that his country's economic growth could stumble, and turned to courting American companies, film-makers and governors hungry for a slice of that growth on the final day of his U.S. visit.
At the end of Vice President Xi's five-day trip, his U.S. counterpart Joe Biden announced China had agreed to make it easier for Hollywood to distribute movies to China's expanding audiences. Xi (pronounced "shee") told a business forum in Los Angeles that China would promote greater domestic demand and turn more to the United States to buy imports and send investment.
Despite recent economic slowing and persistent price pressures, Xi told the gathered business executives that China's economic momentum would not falter as some economists warn.
"China's economy will maintain stable growth," he said "There will be no so-called hard landing."
Xi is almost sure to succeed Hu Jintao as Chinese president in just over a year, and the final day of his tour of the United States featured commercial deals and reassuring talk intended to blunt American ire about the trade gap between the countries.
"We will further increase imports from other countries in the light of our economic and social development and consumer demand. We will actively expand imports from the United States," Xi later told a midday meeting.
Biden, who accompanied Xi to Los Angeles, praised the Chinese Vice President's efforts to reach out to often wary Americans, but reminded him that rancor over trade imbalances and barriers had not evaporated in all the sunny goodwill.
"The crux of our discussion is that competition can only benefit everyone if the rules are fair and followed," Biden told the midday reception for Xi.
The U.S. movie industry has long complained about China's restrictions on the number of foreign films allowed into the country each year, a limit that they say boosts demand for the bootleg DVDs that are widely available in China.
The film announcement does not remove China's quota system, but it might ease some of the ire.
The agreement allows more American exports to China of 3D, IMAX, and enhanced-format movies, and also expands opportunities to distribute films through private enterprises rather than the state film monopoly, the U.S. Trade Representative's office said.
GETTING READY FOR NEXT DECADE
The two vice presidents both suggested that Xi's diplomacy, deals and folksy public displays could pave the way for steadier ties between the world's two biggest economies.
Xi said that he felt from his visit that "mainstream American opinion" supports stronger ties. "I can now say that my visit has been fully successful," he said.
"We've established a personal friendship and a healthy working relationship," he said of himself and Biden.
Xi is poised to become China's next leader after a decade in which it has grown to become the world's second-largest economy. Beijing wants to avoid tension with Washington while the Communist Party leaders focus on the power handover.
Xi's visit to the United States was also intended to get both sides more familiar with each other for the decade that he could be in power. He will most likely succeed Hu Jintao as party chief in late 2012 and as president in early 2013.
Under Xi, China's economic size and military capabilities are likely to grow closer to U.S. levels.
Washington and Beijing have often jostled over economic, political and foreign policy disputes from human rights to Taiwan and most recently Syria.
The U.S. trade deficit with China expanded to a record $295.5 billion in 2011, and many U.S. lawmakers complain China's yuan currency is significantly undervalued, giving its companies an unfair advantage.
The Obama administration has also accused China of distorting trade flows by ignoring intellectual property theft, putting up barriers to foreign investors and creating rules that favor China's state-owned behemoths.
Xi's stop in Los Angeles was choreographed to blunt those complaints and make China's case that its rapid growth presents the U.S. economy with opportunities, not threats.
Scores of executives from major U.S. and Chinese companies, from Intel to Microsoft, lined up to sign deals after Xi's address at the economic forum on Friday.
They included "Kung Fu Panda" studio Dreamworks Animation's venture to make films from Shanghai, and Chinese telecom giant Huawei's pledge to award $6 billion in contracts over three years to Qualcomm Inc, Broadcom Corp and Avago.
"MISSION IMPOSSIBLE" FAN
More than the publicly stern Chinese President Hu, Xi has tried to put a friendlier face on his government during his U.S. visit, including revisiting the small town of Muscatine in Iowa where he visited in 1985 and stayed two nights with a family.
The 58-year-old also visited the International Studies Learning School in South Gate -- a Los Angeles enclave of mainly Hispanics -- where students learn Chinese.
At the school, Xi recalled his first visit to Muscatine: "They gave me the same impression that, like Chinese people, they are warm-hearted, friendly, honest and hard-working. Twenty-seven years have passed, but that remains my impression, and it has become a deeper one."
Xi also offered a glimpse of his personal life, telling the students he enjoyed swimming and watching sports, including American basketball, baseball and gridiron football.
Showing his familiarity with Hollywood fare, Xi said it was difficult to find time to relax. "It's like the name of that American movie -- 'Mission Impossible'."
After their visit to the school, Biden told reporters the talks with Xi had been very forthright, and was also intensely curious about the workings of the American political system.
"This is a guy who wants to feel it and taste it, and he's prepared to show another side of Chinese leadership," said Biden. "He is intensely interested in understanding why we think the way we do, what our positions are, and the need to actually broaden this kind of understanding."
Xi was due to watch part of an LA Lakers basketball game before he left for the next two countries of his international tour, Ireland and then Turkey.
(Additional reporting by Doug Palmer and Paul Eckert in Washington; Editing by Todd Eastham and Robert Birsel)
World
Politics
China
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
ralpho wrote:
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.