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24 Aug, 2011

China finds faith in US finances | chinadaily.com.cn


BEIJING – China’s leaders on Friday expressed confidence in the fundamentals of the US economy and its prospects as the two countries reaffirmed their commitment to a strong and enduring relationship.

In the opening remarks of a roundtable discussion with US and Chinese political and business leaders earlier in the day, Vice-President Xi Jinping said China views the US economy as “highly resilient, and it has a strong capacity to repair itself. We believe that the US economy will achieve even better development as it rises to its challenges.”

He said China would seek a “proactive fiscal and monetary policy” to manage growth and rein in inflation.

Read more: China finds faith in US finances |Politics|chinadaily.com.cn.