US President Donald Trump held talks with Chinese President Xi Jinping in Beijing on Thursday morning to boost bilateral ties. The talks focused on boosting trade and also discussed ways to deal with the North Korean nuclear crisis.
US and China signed deals worth more than USD 250 billion, including an agreement on 300 Boeing planes.
Facts have shown that China and the United States have huge potential in reciprocal economic and trade cooperation, Xi said.
The long list of agreements include USD 43 billion deal, in which both countries will jointly explore natural gas in Alaska in the US.
According to reports, Chinese phone makers, Xiaomi, OPPO and Vivo signed deals to buy products from Qualcomm, the US telecom mobile chip-maker.
Reports also suggest, that China Investment Corp is to set up a joint fund with Goldman Sachs. Other deals include the Chinese purchase of planes from Boeing and the imports of Tesla cars into China.
Interestingly, ahead of his visit maiden visit to China, Trump had criticised the Communist giant’s unfair business practices and the whopping USD 370 billion trade deficit.
Apart from the massive trade deals, President Trump sought China’s cooperation in solving the North Korean crisis. The two countries agreed to strengthen communication and coordination on issues including the Korean Peninsula and Afghanistan.
“Our meeting this morning in front of my representatives and your representatives was excellent, discussing North Korea. And I do believe there’s a solution to that as you do…We must act fast. And hopefully China will act faster and more effectively on this problem than anyone,” Trump said.
According to President Xi cooperation was the “only correct choice” for China and the United States.
“We agree that the China-US relations have made important progress this year. We have agreed to further promote strategic guidance of summit diplomacy for bilateral relations,” Xi said.
“Enhance cooperation on the nuclear issue on the Korean Peninsula, Afghanistan and other major international and regional issues and work together to take China-US relations to even greater development,” Xi added.
Prior to his meeting with President Xi, Trump was honoured with a 21-gun salute in a grand welcome ceremony.
“I just want to thank you for the warm welcome and I look forward to many years of success and friendship, working together to solve not only our problems, but world problems and problems of great danger and security…I believe we can solve almost all of them and probably all of them,” Trump said.
Trump arrived in Beijing on Wednesday afternoon for a three-day state visit.
(With inputs from agencies)