Learn the full keynote speech given by Chargé d’Affaires Madam Xu Xueyuan on the CGCC-USA 2023 Lunar New Yr of the Rabbit Gala.
Mr. Hu Wei,
Ambassador Baucus,
Women and Gents,
Good night. It’s an honor to attend the CGCC-USA Gala.
First, my warmest congratulations to Dr. Kissinger on the Lifetime Achievement Award. I can consider no yet one more worthy of this award than Dr. Kissinger. His excellent contribution to the ice breaking and growth of China-U.S. relations and his knowledge about this relationship have impressed generations to discover the precise path for our two international locations to get alongside.
Over 50 years in the past, Dr. Kissinger visited China, a rustic he known as a “Mysterious Land”. The thriller didn’t simply come from the bodily distance, however was additionally due to the longtime estrangement between the 2 international locations. Within the spirit of mutual respect and searching for widespread floor whereas reserving variations, leaders of our two international locations broke the ice and began to reengage. This has not been a simple journey all alongside, however there was no turning again, solely going ahead. Over the previous a long time, China and the US have gotten more and more nearer to one another with our pursuits deeply intertwined. China is now not “mysterious” within the eyes of Individuals. Nevertheless, our two international locations appear to be getting away from one another in recent times. Our financial and commerce relations, which ought to be the ballast and anchor of the general bilateral relations, have been weakened. Frictions and disputes incessantly occur, and they’re extending to structural and strategic ranges. China-U.S. financial and commerce relations are coming to a important crossroads.
An correct understanding of China-U.S. financial and commerce relations requires an accurate view of China’s growth. It was introduced on the CPC’s twentieth Nationwide Congress that China will advance the rejuvenation of the Chinese language nation via Chinese language modernization, and China will construct a brand new growth sample, and proceed to pursue high-standard opening-up. We Chinese language typically say, “Dedicate your self to the wellbeing of all if you end up established.” China’s growth will create circumstances for the win-win cooperation between Chinese language and American firms and inject impetus to the event of the world financial system.
An correct understanding of China-U.S. financial and commerce relations requires us to maintain to the general path of bilateral relations. Final November, President Xi Jinping and President Joe Biden had a profitable assembly in Bali, the place they agreed that our two international locations ought to have extra dialogue and communication in finance, financial system, commerce, well being and agriculture, and try to increase cooperation. This has charted the course for the event of our financial and commerce relations for the following stage. We have to have a way of urgency, interact extra incessantly, and substantiate the dialogue, in a bid to reinforce mutual belief, promote cooperation and present the world that dialogue can ship.
An correct understanding of China-U.S. financial and commerce relations requires an goal and rational view of our shared pursuits. China-U.S. commerce is very complementary. Even with our commerce frictions in recent times, our two-way commerce from January to November 2022 nonetheless approached 700 billion US {dollars}, and the momentum of development is constant. China-U.S. commerce is mutually helpful, and the American financial system, companies and shoppers are all beneficiaries. In accordance with the USCBC, all of the 50 U.S. states have exports of products and companies to China, benefiting almost a million American jobs, particularly within the agricultural states that export soybeans, corn, sorghum, beef and pork to China. I imagine that Montana’s beef business, which Ambassador Baucus has been selling, has significantly benefited. The U.S. can be gaining from our two-way funding. Final October, I noticed that the Tangram Flushing grew to become a brand new landmark in New York. I imagine that Governor Hochul will certainly welcome extra Chinese language-funded enterprises in New York State.
Women and Gents,
“Respect and resilience” is the theme of the Gala. It’s precisely what we have to overcome the difficulties in China-U.S. financial and commerce relations.
Mutual respect will lay the muse for sound interactions between China and the US. Our financial and commerce cooperation ought to observe financial legal guidelines and abide by worldwide financial and commerce guidelines. Folks ought to respect the truth that China and the U.S. stand to achieve from cooperation and lose from confrontation. Part 301 tariffs, industrial subsidies, funding boundaries and export controls are detrimental to each side and shouldn’t proceed. Particularly, “decoupling” and “provides cutoff” within the high-tech business might harm China within the brief time period, however in the long term, the US will endure extra. China won’t cease simply because the US is making an attempt to convey us down; as a substitute, China will depend on ourselves and do our greatest for growth. The U.S. will solely create a powerful competitor for itself.
Resilience will present a assure for Chinese language and American firms to construct the longer term. As you’re shifting ahead towards the chances, it’s extra mandatory than ever to point out your entrepreneurial spirit, forge forward, meet the difficulties head on, and by no means surrender. For Chinese language firms within the U.S., I encourage you to construct your status, increase your market and persuade American policymakers along with your high quality companies {and professional} operations, to point out them that Chinese language firms will help promote the American financial system and create jobs right here. I encourage you to succeed in out and get deeply built-in into American society to search for enterprise alternatives in American states, cities, and counties.
Women and Gents,
On January 8, the Chinese language authorities considerably adjusted COVID-19 response measures. China has reopened. We’re happy to see that many American firms are already on their solution to China to fulfill shoppers and discover enterprise alternatives. Chinese language firms are additionally coming to the U.S. to attend exhibitions and focus on funding cooperation. I hope that the CGCC-USA will proceed to function a bridge for China-U.S. financial and commerce cooperation, and set an instance of the win-win cooperation between our two international locations.
The yr 2023 is the Yr of the Rabbit. I sincerely want Chinese language and American firms new hope, excessive velocity and nice success within the Yr of the Rabbit! I want you a contented Chinese language New Yr! Gong Xi Fa Cai!
Thanks!
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