In the recent China-U.S. CEO Roundtable in Seattle held on Wednesday, Sept. 23, Chinese President Xi Jinping reassured businessmen that China will remain open for future economic prospects.
On his second day in the United States, Xi talked to over 30 business leaders.
"China will further open up to embrace new momentum from global economic growth, which will in turn enjoy the benefits from China's development," said the Chinese president. Xi also added that China is dedicated to implementing and following reforms and opening up to accommodate economic growth and development.
"The Chinese economy still has huge potentials, ample leeway and strong intrinsic tenacity, and is therefore fully capable of providing a broad market and solid support to the world economy," Xi added.
The Chinese leader also called for deepened and strengthened bilateral trade, which he believes will greatly improve global prosperity as well as Sino-American relations. He also addressed the slower economic growth his country is experiencing, saying that it is not an indication of China's overall growth.
"China is experiencing slower economic growth and stock market volatility . . . but the trend of China's economy toward growth and expansion has not changed," Xi said.
Xi's speech is only timely, analysts say, as it addresses the Western media's growing concerns over China's economic reforms.
"Xi's visit is expected to dispel concerns so as to enhance bilateral economic ties, which will also serve as a powerful engine as the two countries work to improve Sino-U.S. relations," said Yu Xiang, an associate research fellow at the Institute of American Studies of the China Institutes of Contemporary International relations, in an interview with the Global Times.