Xi Jinping on the way to Washington

 •  Filed under China

Speech in Seattle: Full transcript

  • "development remains China's top priority. To any one charged with the governance of China, their primary mission is to focus all the resources on improving people's living standard and gradually achieve common prosperity"
  • "We will not lower the RMB exchange rate to stimulate export. To develop the capital market and improve the market-based pricing mechanism of the RMB exchange rate is the direction of our reform. This will not be changed by the recent fluctuation in the stock market or the foreign exchange market."
  • "China will never close its open door to the outside world. Opening-up is a basic state policy of China. Its policies of attracting foreign investment will not change, nor will its pledge to protect the legitimate rights and interests of foreign investors in China..."
  • "China is a staunch defender of cybersecurity. It is also a victim of hacking. The Chinese government will not, in whatever form, engage in commercial theft..."
  • "China recognizes the positive role played by foreign non-profit organizations (NPO). So long as their activities are beneficial to the Chinese people, we will not restrict or prohibit their operations"
  • "In our vigorous campaign against corruption, we have punished both "tigers" and "flies", corrupt officials irrespective of ranking, in response to our people's demand. This has nothing to do with power struggle. It's nothing like what you see in House of Cards."
  • " An important lesson history teaches us is that peaceful development is the right path, while any attempt to seek domination or hegemony through force is against the historical tide and doomed to failure. ... the size of China's military will be cut by 300,000"
  • Possibly the most important part: "We want to see more understanding and trust, less estrangement and suspicion, in order to forestall misunderstanding and miscalculation. We should strictly base our judgment on facts, lest we become victims to hearsay, paranoid or self-imposed bias. There is no such thing as the so-called Thucydides trap in the world. But should major countries time and again make the mistakes of strategic miscalculation, they might create such traps for themselves."

WSJ: Full Transcript: Interview With Chinese President Xi Jinping

Is China trying to rearrange the architecture of global governance, away from the U.S. and toward China?

XI: The global governance system is built and shared by the world, not monopolized by a single country. China certainly has no intention to do so. China is involved in building the current international system, and has always done its part to uphold the international order and system

...

[When asked about the Chinese dream]: I have the impression that the Americans and people in all other countries share the same dream about the future: world peace, social security and stability, and a decent life. Naturally, owing to differences in history, culture and stage of development, China, the United States and other countries may not have the exact same dream, and they pursue their dreams in different ways. But all roads lead to Rome.

...

What’s your assessment of the economy and what is being done to shore up confidence among Chinese and global investors?

whatever happens, China will stay strongly committed to deepening its reform on all fronts while opening still wider to the outside world. We will work in a coordinated fashion to ensure growth, promote reform, make structural adjustment, improve people’s well-being and forestall risks, enhancing and innovating macro-regulation and ensuring steady and fairly rapid economic development. With China steadily promoting a new type of industrialization, IT application, urbanization and agricultural modernization, its household savings rate being so high and consumer spending enjoying a huge potential plus its diligent workforce, its rising middle-income population, its robust service sector and its vast and potential-rich market, China has the capacity and is in the position to maintain a medium-high growth in the years to come.

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Businesspeople have complained that the campaign is hurting the economy. Are you prepared to relax the crackdown to help the economy?

Cracking down on corruption is what all countries must do and what their peoples wish to see. The ultimate purpose of the Chinese Communist Party is to serve the people wholeheartedly. Our Party owes its governing status to the support of the people, so we must maintain its flesh-and-blood ties with the people. The Party does not operate in a vacuum, so it has unavoidably found itself with problems of one kind or another. Corruption is just such a persistent one.

... Anticorruption efforts will not hurt the economy. On the contrary, fighting corruption, including such malpractices as rent-seeking, will help build a clean government, remove hurdles that impede market operations, promote fair rules and bring about a better investment and business environment.

Xi Jinping Highlights Importance of U.S.-China Economic Relationship at Paulson Institute CEO Roundtable

Xi said China’s economy has “big potential” and that the government will continue to remove barriers to foreign investment. He called for the conclusion of a high-standard Bilateral Investment Treaty between the two countries and noted that there have been improvements in the protection of intellectual property.

Kevin Rudd: China and the US need to see eye to eye again: "The doom-mongers are out in force as the Chinese president Xi Jinping begins his American visit, but the deep disagreements that exist are solvable"

China’s complaints about US policy are as voluminous as they are visceral. Beijing sees continuing US spy flights along its 12-mile limits as being as diplomatically offensive as they are militarily hostile. It accuses Washington of abandoning its historical policy of neutrality on contested regional maritime claims after America gave its full-blooded support to Japan ruling that its military forces could fight abroad again. The Chinese government denies its culpability for cyber attacks against the US and instead says it is the target of foreign attacks, potentially including the US. China resents its exclusion from an impending Trans Pacific Partnership and sees trade policy as now pulling the region apart rather than bringing it together as in the past.

There is the continued intransigence of the US Senate in rejecting a modest increase in China’s voting rights at the International Monetary Fund, leaving aside the puzzling anomaly that China, as the second largest economy in the world, still has the same voting rights in the Fund as Belgium and the Netherlands combined. And finally, there’s the celebrated case of the Asian Infrastructure Investment Bank, which the US did everything possible to prevent its allies from joining.

China's policy paper calls for new mode of int'l relations

China on Monday called for a new mode of international relations with win-win cooperation as the core. The Chinese Foreign Ministry issued a paper on the 70th anniversary of the United Nations with President Xi Jinping due to attend UN meetings in New York later this week. The paper says that it is important to build a new type of international relations featuring win-win cooperation and a community of common destiny. It also calls for greater democracy and the rule of law in international relations.

Why China Is Turning Back to Confucius

Two years after outlining a “China Dream” to re-establish his nation as a great world power, Mr. Xi is backfilling his vision and seeking a fresh source of legitimacy by reinventing the party as inheritor and savior of a 5,000-year-old civilization.

... The effort is gaining urgency now, as an economic slowdown and stock-market rout fray the social compact of the last three decades in which citizens traded political freedom for rapid wealth creation. With Communist dogma and Chinese-style capitalism losing appeal, the party needs fresh ideas.

... The goal isn’t just to encourage “national self-confidence” but to aid “personality development,” encourage altruism and instill “Chinese national moral thinking,” the ministry says in an emailed response to questions.

The government is also plowing money into projects including a free online classical library, television series on China’s ancient history and a $250 million national center for traditional culture next to Beijing’s Olympic Stadium. ...

Last year, the party opened a traditional-culture training center here for local officials, the first of its kind. It invited the Party School’s Prof. Wang to give the first lecture: “Traditional Culture and Official Ethics.”

City and provincial bureaucrats have attended regular courses there ever since, local officials say.

“We need to help them understand how to be an upright person—a moral person,” says Xu Qi, the complex’s party secretary.

Cheng Li: Understanding Xi’s contradictions

The most astonishing political achievement of the Xi leadership is its bold and broad anti-corruption campaign. In 2013 alone, the Chinese authorities investigated 182,000 officials––the highest annual number of cases in 30 years. By September 2015, the authorities had purged about 120 vice-ministerial and provincial level leaders on corruption charges. But Xi has never linked rampant official corruption with the fundamental flaws in the Chinese political system. Instead, he asserts that the Chinese should have confidence in China’s political system. ...

... Self-contradictions also suggest that Xi Jinping is not a dogmatic leader, but that he can be flexible. Of course, some of Xi’s contradictions may only be temporary. If Xi hopes to be a great leader in Chinese history, sooner or later he should present a clearly articulated and coherent vision for the country’s political trajectory. It is reasonable for Xi to spend the first few years of his leadership searching for the right sequence for implementing his agenda, maximizing public support, and accumulating political capital. But when the next Party Congress convenes in the fall of 2017, Xi will have to reveal his stance on China’s political institutionalization.

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