Chinese President Xi Jinping conducts written interview with Reuters.docx

Chinese President Xi Jinping conducts written interview with Reuters.docx

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ChinesePresidentXiJinpingconductswritteninterviewwithReuters

ChinesePresidentXiJinpingconductswritteninterviewwithReuters

BEIJING,Oct.18（Xinhua）--ChinesePresidentXiJinpingconductedawritteninterviewwithReutersonSunday,inadvanceofhisstatevisittoBritain.Followingisthefulltext:

1.YouwillsoonpayastatevisittotheUK.ItislearnedthatboththeroyalfamilyandthegovernmentoftheUKattachgreatimportancetoyourvisitandaremakingmeticulouspreparationsforit.YouvisitedtheUKinthe1990sandwhatwasyourimpressionthen?

WhatdoyouexpectfromyourcomingvisittotheUKaftermorethan20years?

WhatwillbeitsimpactonChina-UKrelationsandChina-EUrelations?

SomeBritonsfearChina'sintentionsandbelievethattheBritishgovernmentistooeagertopleaseChina.HowdoyouensurethatChina-UKrelationshipismutuallybeneficial?

A:

IvisitedLondon,Oxford,GlasgowandEdinburghin1994.Iwasdeeplyimpressedbythevisit,particularlyBritain'slonghistory,uniqueculture,friendlypeopleanditsbeautifulenvironment.

DuringmyupcomingstatevisittotheUKattheinvitationofHerMajestyQueenElizabethII,IlookforwardtohavingdiscussionswithBritishleadersandengagingtheBritishpubliconourbilateralties.IhopethiswillchartthecourseforthefuturegrowthofChina-UKrelations,injectnewimpetusinpracticalcooperationbetweenourtwocountriesinallfieldsandenableustojointlyusherina"goldentime"forChina-UKcomprehensivestrategicpartnership.

PublicopinionsurveysconductedinBritainshowthatviewsofChinaarelargelyfavorableamongtheBritishpeople.Ourtwopeoplesappreciateeachother'stime-honoredanduniquecultures.Thisisanimportantfoundationandfavorableconditionforgrowingbilateralties.ItistruethatsomepeoplehavesomemisgivingsaboutChina-UKcooperation.WhatIwanttostressisthatintoday'sworld,nocountrycanaffordtopursuedevelopmentwithitsdoorclosed.Oneshouldopenthedoor,warmlywelcomefriendsandbehospitabletothem.Thisisrecognizedinternationalpractice.TheUKhasstatedthatitwillbetheWesterncountrythatismostopentoChina.ThisisavisionaryandstrategicchoicethatfullymeetsBritain'sownlong-terminterest.ChinalooksforwardtoengagingwiththeUKinawiderrange,atahigherlevelandingreaterdepth.

Inrecentyears,whileglobalgrowthhassloweddown,China-UKinvestmentandbusinesscooperationhaskeptgrowing.TheUKhasbecometheEU'ssecondlargestinvestorinChinaaswellasChina'ssecondlargesttradingpartnerandinvestmentdestinationintheEU.ChinahasbeentheUK'ssecondlargestnon-EUtradingpartner.In2014,China-UKtradevolumeforthefirsttimeexceeded80billionU.S.dollars,andChina'simportfromtheUKhasdoubledinfiveyears.Two-wayinvestmentbetweenChinaandtheUKhasgrownrapidly.China'sinvestmentintheUKhasrisenatanannualrateof71.7percentoverthepastthreeyears.Lastyear,theUKinvestmentinChinaincreasedby87.6percentyear-on-year,thefastestamongmajorEUcountries.

TheBritishgovernmenthasintroducedambitiousplansonupgradinginfrastructure,buildingtheNorthernPowerhouseinthenorthofEnglandandimplementingthestrategyofUKIndustry2050.Theseplansandthe"RoadandBeltInitiative"andtheinitiativesof"MadeinChina2025"and"InternetPlus"undertakenbyChinacomplementeachotherinmanyways.ChinaisreadytopartnerwiththeUKinthespiritofinclusiveness,openingupandseekingwin-winprogressthroughcooperationtoupgradeandexpandcooperationtodelivermorebenefitstoourtwopeoples.

ThisyearmarksthebeginningoftheseconddecadeoftheChina-UKcomprehensivestrategicpartnershipandthe40thanniversaryofChina-EUdiplomaticties.BothChina-UKrelationshipandChina-EUrelationshipfaceimportantopportunitiestobuildonpastsuccessfornewprogress.SincetheUKisanimportantmemberoftheEU,China-UKrelationshipandChina-EUrelationshipreinforceeachother.DuringmyvisittotheEUHeadquarterslastyear,EUleadersandIagreedtobuildChina-EUpartnershipofpeace,growth,reformandcivilization.IbelievenewprogressinChina-UKrelationshipwillinjectnewmomentumintothegrowthofChina-EUrelationshipacrosstheboardandmakenewcontributiontothebuildingofChina-EUpartnershipasawhole.

2.Londonisoneoftheworld'sfinancialcenters,andiskeentoplayanimportantroleinChina'sfinancialdevelopment,whetherbyservingasanoffshoretradinghubfortherenminbiorbypossiblyonedayhavingatradinglinkbetweenLondonandShanghaistockexchanges.WhatroledoyouenvisionLondonplayinginthemodernizationandglobalizationoftheChinesecurrencyandstockmarkets?

A:

ThereformandopeningupofChina'sfinancialsectorhasmaderemarkableprogresssinceChinaembarkedonthepathofreformandopeningup37yearsago.Thishasbeenespeciallyobviousinthepastseveralyears.Chinawillcontinuetoadoptmultiplemeasurestoadvancethereformandopeningupofitsfinancialsectorsothatitsfinancialmarketcanbetteradapttofinancialmodernizationandglobalization.

Asoneoftheglobalfinancialcenters,Londonisanimportantpumpstationintheworldeconomiclifeline,sotospeak.StrengthenedfinancialcooperationwithLondonisdefinitelyawin-winchoiceforbothcountries.China-UKfinancialcooperationstartedearly.Ithasenjoyedrapidgrowth,hastremendouspotentialandleadsChina-UKcooperationinvariousareas.Wehaveaccomplishedmuchinrecentyears.Ourtwocountriessignedthebilateralcurrencyswapagreement.ChinasetupanRMBclearingbankinLondon.TheUKbecamethefirstcountryoutsideAsiatoobtaintheRQFIIinitialinvestmentquota,thefirstWesterncountrytoissueRMB-denominatedsovereignbondandthefirstmajordevelopedcountrytoincludeRMBintoitsforeignexchangereserves.Thisisahighlightinourbilateralcooperation.

Backin2012,LondonofficiallylaunchedtheplanofCenterofRMBBusiness.LondonhassincethenbecomeoneofthemostdynamicandmostimportantRMBtradingcentersandoffshoreRMBmarkets.In2014,RMBtradinginLondongrewby143percentyear-on-yearanditsRMBdepositsreached20billionyuan,ayear-on-yearincreaseof37percent.

Whenconditionsareinplace,Chinaisreadytoconsiderstrengtheningtheconnectivityofthefinancialmarketsofthetwocountries.LondoncanleverageitsuniquestrengthsinthefinancialfieldtogetactivelyinvolvedinthemodernizationandglobalizationofChina'sfinancialmarket.（more）

3.ChinesecompaniesareexpectedtotakeastakeinthenuclearpowerplantinsouthwestEngland.ThisisinlinewithplansannouncedbyyourgovernmentearlierthisyeartohelpChinesefirmsinareassuchashigh-speedrailandnuclearpowertoexpandoverseas.WhatroledoyouhopetoseeChinesecompaniesplayingintheglobalmarketsoverthenextdecade?

DoyouthinkthatoppositioncouldderailChina'sparticipationinsuchprojectsoverseas?

Willsuchoppositionleadtofreshtradefrictions?

Issuchstate-subsidized,state-directedexpansionofChineseindustryabroadfairtoothermarketplayersandinlinewithChina'sprofesseddesireforamoremarket-driveneconomy?

A:

Chinaisintensifyingitsreformandopening-updrive,whichmeansbothopeningupitseconomyfurthertoattractforeigninvestmentandencourageChinesefirmstomakeoverseasinvestment.Thisisnaturalwhenacountryreachesaparticularstageofdevelopmentandwhenacompanygrowsbigger,andthisiswhatallbigcompaniesintheworldaredoing.

Havingbenefitedfromtheworldeconomy,Chinesecompaniesshouldcontributetheirsharetoworldeconomicdevelopment.Chinahasgrownintoaglobalmanufacturingpower,withparticularstrengthsatthemiddlerungoftheglobalindustrialchain.ManyChineseindustrialsectorsandequipmentmakingcapacity,includingthebuildingofhigh-speedrailwayandnuclearpowerstationsaswellasautomobilesmaking,areadvancedandcompetitiveinternationally,andmeetthedemandandabsorbingcapacityofmanycountries.ChinaisreadytopursuecooperationofvariousformswiththeUKandothercountriesininternationalproductioncapacityandequipmentmanufacturingtosynergizeourrespectivestrengthsandpromoteeachother'sdevelopment.TheHinkleyPointistheproductoftripartitecooperationamongChina,theUKandFrance.IhopethatthecompaniesofthethreecountrieswillfullyleveragetheirrespectivestrengthstoensurethesuccessfullaunchofthisprojectanddeliverbenefitstotheBritishpeople.

Itisnormalforacompanytoencountervariousproblemswhenmakinginvestment,whetherdomesticallyoroverseas.Whendoingbusiness,oneshouldfocusonbusiness.Problemsthatoccurinbusinessoperationsshouldnotbepoliticized,andChinesecompaniesshouldnotbeviewedwithbias.Competitionisnecessaryforabusinesstogrow,andnoonewillgiveawayamarkettoitsrivals.Wehopethatsuchcompetitionisbenignandmarket-based.Thereshouldbenoswingdoorsorglassdoorswhichareplacedasnon-economicornon-market-basedbarriers.Unlikeestablishedmultinationalcompanies,Chinesecompaniesstilllackexperienceinmakinginvestmentoverseas.Theyneedtobetteradapttolocallawsandregulations,technologicalstandards,marketing,humanresourcesmanagementrules,localcultures,etc.Chinesecompanieswilllearnalotandemergesuccessfulinfierceinternationalcompetition.

TheChinesegovernmentsupportsChinesecompaniesingoingglobal.Butwebelievethatthisprocessshouldbemarket-orientedwithcompaniesbeingthemaindriver.TheroleoftheChinesegovernmenti