30 July 2016
AsiaNews.it Twitter AsiaNews.it Facebook
Geographic areas




  • > Africa
  • > Central Asia
  • > Europe
  • > Middle East
  • > Nord America
  • > North Asia
  • > South Asia
  • > South East Asia
  • > South West Asia
  • > Sud America
  • > East Asia

  • mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato


    » 09/19/2012, 00.00

    CHINA - USA

    A first for Xi Jinping: meeting with Panetta on military cooperation

    Wang Zhicheng

    Xi Jinping reappears after two weeks of absence fueled with speculation about his health and Party struggles. The U.S. Secretary of Defense proposes a strengthening of ties between "the two great nations of the Pacific." The invitation to participate in a naval military exercise in Hawaii. The U.S. claim role as guarantors of peace in the Pacific Ocean. China buys Treasury bonds and holds the top spot as foreign holder of U.S. debt: 1150 billion.

    Beijing (AsiaNews) - After nearly two weeks of absence, Vice-President Xi Jinping has reappeared in his first high-level meeting with U.S. Secretary of Defense Leon Panetta. The talk's agenda  concentrated on closer military cooperation, and an increased U.S. presence in the Pacific. Meanwhile, China has bought more U.S. treasury bonds its holdings now up to 1.15 trillion dollars.

    Xi Jinping met his host in the setting of the Great Hall of the People, replete with chandeliers and chairs. In recent weeks, the almost certain successor to Hu Jintao as president and secretary of the Party, had canceled several meetings with leaders of foreign countries, giving rise to waves of rumors about a possible serious illness or increased struggle within the Party. Today he appeared healthy and relaxed.

    Panetta arrived in Beijing to push for a strengthening of ties between China and the U.S., "the two great nations of the Pacific", especially in the military field. As a sign of friendship, he announced that the United States will invite a Chinese ship to participate in naval exercises to be held in 2014 in the Hawaiian sea.

    Panetta's visit to Beijing is part of a week-long trip, which also includes Japan and New Zealand. It aims to increase the presence of U.S. forces in the region. Although many countries look to the U.S. presence as a deterrent to the expansionist Chinese, Panetta said that the increase in U.S. military personnel in the Pacific is not dictated by the wish to contain Beijing, but "engage China and expand its role in Pacific. " "The aim is to create - he said - a new model in the relations between our two powers in the Pacific."

    As Panetta arrived in Beijing tension mounted between China and Japan over the sovereignty of the Diaoyu Islands / Senkaku. The U.S. Defense Secretary appealed for calm on both sides and described US policy as based on "basic principles" including free commerce, the rule of law, open access to sea, air, space, and cyberspace, and resolving disputes "peacefully without coercion or the use of force . He also showed that U.S. hegemony in the Pacific over the past 60 years had helped bring prosperity to the region and that China had profited from it.

    China, however, is not satisfied regarding shipping routes and unhappy over some claims of sovereignty not only for the Diaoyu, but also for the Spratly Islands.

    On the other hand, Beijing has increased its leadership as the biggest foreign owner of U.S. debt. In July, it acquired still 2.6 billion dollars in United States treasury bonds, reaching a market share of 1.15 trillion dollars. For three months, China had not bought any bonds. According to data from the U.S. Department of Commerce, in July, Beijing recorded a 29.4 billion dollar trade surplus with the U.S. in July, pushing the year-to-date amount to 174.4 billion.

     

     

    e-mail this to a friend Printable version










    See also

    21/06/2011 CHINA
    China buying Euro debt
    As Premier Wen Jiabao prepares to visit Great Britain, Hungary and Germany, Beijing says it will “continue helping European countries” realise stable economic growth. It also pledges to buy Eurobonds. However, China too is facing major economic problems, as its growth slows down and inflation surges.

    21/12/2004 CHINA
    2005 defence spending to hit 20 billion euro


    14/11/2011 UNITED STATES – CHINA
    APEC ends amid rows over the yuan and a proposal for transpacific free trade
    The meeting of Asia-Pacific leaders ends with an agreement to create the largest trading zone in the world. Obama slaps Beijing for its undervalued currency.

    23/02/2009 CHINA - UNITED STATES
    China and U.S. breathe sigh of relief: economy more important than human rights
    For Mrs. Clinton, human rights will no longer be the main issue. In exchange, Beijing has decided to continue buying U.S. Treasury bonds, in order to support the American economy.

    10/10/2015 VIETNAM – ASIA – UNITED STATES
    Transpacific Partnership: a mixed bag for Vietnam’s economy
    The TPP will have an uneven impact on economic growth, labour practices and some key sectors of Vietnam’s economy. It might encourage the creation of independent trade unions, a largely remains unchartered territory for most Vietnamese. The animal husbandry sector however is expected to suffer.



    Editor's choices

    POLAND - CHINA - WYD
    Beijing's tricks and violence to stop Chinese youth from reaching WYD

    Vincenzo Faccioli Pintozzi

    The government yesterday blocked a group of 50 young pilgrims who had already boarded a plane bound for Krakow. Interrogated for hours by immigration, they were "admonished" and sent home with orders not to contact anyone abroad. Meanwhile, "young Chinese Catholics" hang around central World Youth Day locations in groups of five or six, with the task of spying on fellow countrymen. They work for cultural institutes or Chinese companies in Poland.


    ISLAM - EUROPE
    Fr Samir: Islamic terror in France and Germany a crisis of integration, but above all of politics

    Samir Khalil Samir

    The kidnapping and murder of a priest near Rouen (France) and the various attacks in Würzburg, Munich, Ansbach (Germany) were carried out by young people, who were indoctrinated with ease. Germany was a model for the integration of refugees. But radical Islam cannot be assimilated. It is supported by Saudi Arabia and Qatar. There is no other road other than integration. But we must tell the truth: the Koran contains elements of war and violence. Western politicians suffer from ignorance and a loss of all moral sentiment.


    AsiaNews IS ALSO A MONTHLY!

    AsiaNews monthly magazine (in Italian) is free.
     

    SUBSCRIBE NOW

    News feed

    Canale RSScanale RSS 

    Add to Google









     

    IRAN 2016 Banner

    2003 © All rights reserved - AsiaNews C.F. e P.Iva: 00889190153 - GLACOM®