this is what china-u.s. cooperative partnership calls for and what the international community expects from us. china and the united states should enhance coordination regarding the situation on the korean peninsula, the iranian nuclear issue and other hot spot issues. we should increase cooperation on global issues that shares climate change, counterterrorism, cyber security, outer space security and energy resources, public health, food security and disaster prevention and mitigation. we should jointly promote global peace, stability and common development and make the international system a more equitable, just, inclusive and orderly one. as the interests of china and the united states converge more closely in the asia pacific than anywhere else this region should naturally become an important area where china and the united states engaging positive interactions and pursue mutually beneficial cooperation. china welcomes the constructive role by the united states in promoting peace, stability and prosperity

u.s. economy will achieve strong recovery and growth, and china-u.s. economic cooperation has a bright future. i sincerely hope the business people of the two countries will seize the opportunity and strive for greater progress and drive more success stories in china- u.s. economic corporation. i thank you. >> several live events to tell you about today regarding president obama's budget request. the house budget committee will hear from acting white house budget director jeffrey zients on c-span23. also on c-span 3 at 2:30 p.m., the head of homeland security, jan napolitano, will testify about her department that a budget request before the house homeland security committee. in a few moments, today's headlines and your calls live on "washington journal." and then the house of representatives will be in session at 10:00 a.m. eastern for general speeches, returning at noon to begin work on the surface transportation bill. and in about 45 minutes, we are focused on chinese vice president xi'trips to washington there are guest will be the cochairs of the u

china then is number three for . our exports. and that is from the u.s. to eqina, top exports to china include electrical machinery anc equipment, power generation equipment, agricultural products, aircraft and spacecraft, optics and medical l equipment and then our imports from china electrical machinerye and equipment, power generation equipment, apparel, $29 billion worth of apparel, $25 billion worth of toys, gajs and sports equipment and furniture, $20 sis billion and that's facts c and figures by the u.s.-china business council.rom first call-up for joe schatz from "cq weekly" comes from florida. go ahead. >> caller: i have aan question. about a month or so ago there was an article about the apple n plan tt that makes the ipad tha had the explosion that killed several workers and it talked ts about how, you know, they work with these chemicals that are p just -- there's no regulations at all and the aluminum dust build up and they had an explosion that killed several people and it talked about the a way they make them live maybe ten people in a two b

u.s. and china. the u.s. rnment is putting pressure on the chinese government to increase the quality of their products. it is also coming from within china. a formula that few years back things like that. the chinese people are the first ones complaining. that may be the thing -- a factor that actually pushes chinese companies to increase their quality. pressure from a growing middle class of people talk about. host: joseph schatz writes in his article, china has largely shed its reputation. host: how so? guest: one example is apple. it is not just keep manufacturing. a lot companies are trying to go there to take advantage. the chinese are building manufacturing facilities that are more state-of-the-art than they used to be. republicans a party that is not just cheaper labor. it is also lack of regulation lower taxes. the u.s. commitment our fiscal situation more certain. try to get some of those companies to relocate. come back to the u.s.. more broadly, the chinese are trying to shed the reputation as a lo

since the normalization of china-u.s. relations, business people of the two countries have worked together to make progress. what they have done has made important contribution to china- u.s. economic cooperation and overall china-u.s. relationship. in the process, they have shared development opportunities and reaped handsome profits. this is a true example of one reaps what he has sown. given the growing uncertainties and instability in world economic recovery, there has become an even more pressing need for china and the united states, and our businesses, to strengthen cooperation. in august last year, in beijing, vice president biden and i attended a business forum. and today, once again, we are having this face-to-face interaction with business representatives of both countries. in doing so, we want to increase and expand china-u.s. economic and trade cooperation and bring it to a higher level, to the greater benefit of the two peoples. to achieve this end, i would like to share with you some of my observations. first

china. well we love them we love them not the u.s. has a love hate relationship with china we love taking their money but hey watching their economy do well as vice president. says. paying a visit to washington will show you these schizo phrenic the nature of u.s. rhetoric. and speaking of love hey relationships the republicans and democrats sure can't seem to agree on anything these days and in the d.c. spin machine telling the truth can cost you a campaign was the best way for president obama to get reelected from a truth squad a volunteer. and they are the sites americans are all too familiar with but wait a minute i thought this war was over so why does the new budget a lock for another three billion dollars for operations in iraq looks like it might not be the dawn of a new day after all. it's tuesday feb fourteenth five pm in washington d.c. i'm liz wall and you're watching r t. well a meeting of the minds here in washington today as president obama meets with the man slated to be the next president of china here is china's vice

china, the u.s. cannot-- to continue this metaphor-- cannot build this dam on its own to check the chinese river. >> reporter: economic pressures will also play a role in directing vice president xi's unstoppable river of trade. masterlock says it brought jobs back home because of rising costs in china and a shortage of skilled labor. darren gersh, "nightly business report," washington. >> tom: extending the payroll tax cut could be voted on by the u.s. house before the end of the week. that's the forecast from house speaker john boehner. other republican leaders in the house see enough support for the measure to pass. all this comes as a tentative deal has been struck to continue the tax cut beyond the end of february. the package would also continue extended jobless benefits and prevent deep cuts in medicare payments to doctors. >> susie: robert zoellick, the head of the world bank, is stepping down and it's possible his successor could be the first non-american to lead the international lending or

u.s.-china working group. xi jinping is expected to be the next president of china. who benefits most from this visit. the united states or china? guest: i think that china at benefits the most in that vice president xi is introducing himself to the obama administration and officials and to the united states. i think longer term, most countries will benefit. i think we to see this as an investment in the u.s.-china relationship, as opposed to -- >host: we are seeing meetings with the president and vice president xi. it is clearly staged. there is not a lot of fireworks going on. this is more of a ceremonial greeting. guest: it is ceremonial, but it is also an opportunity for vice president xi to outline the next page of the u.s.-china relationship, assuming he does become president of china. we will be watching how he addresses some of the ongoing problems that we have, whether it is on the trade side of this, our trade relationship or military relationship. we will be watching the words carefully and understand where he stands at this point in time. recognizing that

u.s./china business council, and somebody who knows a lot about china, secretary of state henry kissinger, was instrumental in opening the door to china 40 years ago this month, welcomed the vice president of china and talked about u.s./china relations. >> we americans tend to think that every problem has its solution. and every solution can be achieved in a quick period of time. the chinese believe that every resolution is the beginning of a new set of problems. and therefore, they're engaged in an endless process that will never end. but can always move forward. mr. vice president, you are here at a crucial moment. a moment as significant as the early opening in our relations was. both countries are undergoing domestic transformations. both countries have to deal with a global economy. both countries have to be concerned with the spread of nuclear weapons. both countries face challenges that have never existed before, like environment, climate, energy on a global basis. and both countries face a unique new challenge. for people like myself who taught international relations, we were bro

china's v.p. who is also next in line to president is in washington meeting with u.s. president barack obama at the white house as they do the diplomatic dance we've recently heard tough talk towards china from both obama and republican presidential hopefuls we will separate campaign rhetoric from reality meanwhile the eurozone meeting to talk about greece's bailout tomorrow has been cancelled meanwhile in moody's rash of european sovereign credit downgrades most were similar to moves we've already seen from other ratings agencies this surprise though was the u.k. moody's is the first big firm to warn the u.k. could lose its aaa status it put it on negative outlook the heavily indebted u.k. is often left out of the euro zone crisis debt domino zone more look at how the chips are stacking up now and how they may topple finally our breasts the new mini skirts last week we talked about the headline indicator for the economy's direction but is that how fake our breast implants really a better modern measure of economic mood will give you the evidence let's get to today's ca

president, xi jinping, wrapping up economic talks in washington on wednesday at a lunch hosted by the u.s. china business council. mr. xi told american business leaders that the two nations are making progress on trade and currency issues but that both need to trust each other more in the years ahead. u.s. allegations that china manipulates its currency has often caused friction between the two countries. mr. xi didn't miss the opportunity to point that out and point out that china has allowed the u.n. -- it to rise. let's take a quick look at how the u.s. dollar has been trading against the chinese juan over the past six months. it's currently trading at 6.29 to the u.s. dollar. that would mean the yuan has increased in value about 1.3% from six months ago. it is definitely moving in the right direction. a lot of american lawmakers would say it's moving in the right direction but far too slowly. >> yes. this has been the bone of contention for many a year when it comes to u.s. and chinese trade relations, hasn't it, andrew? after washington, xi jinping will be making a stop in iowa -- excuse me

china. he added, the u.s. needs to make some changes of its own. >> ( translated ): to be frank, it is very important for addressing china-u.s. trade imbalance that the united states adjusts its economic policies and structure, including removing various restrictions on exports to china. in particular, easing control on civilian high-tech exports to china as soon as possible. >> brown: vice president xi is expected to become china's leader next year. more now on the challenge of u.s. companies in china. stephen orlins is president of the national committee on u.s.- china relations, which seeks to promote better business and other relations between the two countries. peter narvarro is professor of economics at the university of california, irvine, and author of "death by china: confronting the dragon." well peter narvarro, as that title suggests, you've been very critical of chinese practices when it comes to american businesses. this deal with dreamworks is quite new, but how might it fit into that larger pictu

absolutely. >>> china is america's biggest creditor and we are their biggest customer. and will be joining us in a moment is former u.s. ambassador to china, and former presidential candidate, jon huntsman, but first we want to go to muscatine, iowa, where nbc's jo kent is covering the extraordinary visit of china's next leader, xi jinping. jo? we'll try to revisit jo in a moment there in snowy iowa. we're having a little audio difficulties, but fortunately you are here, ambassador huntsm huntsman. first of all, you know jo -- you know xi jinping. you've seen him in china. you visited and had lunch with him yesterday here in the u.s. how important is he and how different is he? could he be the transformational leader that people have been waiting for? >> well, time will tell. all we know is that he comes from the fifth generation of leadership. hu jintao will be leaving the stage in october. >> a lot of people have been disappointed with him, that he hasn't been a larger figure. is xi jinping a bigger figure? is he, perhaps, more western, better connected, even from that brief visit 27 years ago to iowa? >> my guess i

china's leaders. born and raised in shanghai, he's now a u.s. citizen. and michael pillsbury is a longtime consultant to the defense department focusing on china. he also served in the reagan administration. chink li, tell us what do we need to know about this man who is likely to be china's next leader. >> he is a man of contradictions. this can be found in his policy and in attitudes towards united states. he comes from a very prominent leadership family. very privileged in life. but also at the same time he was... his father was purged. at the age of 15 he was sent to a remote area, very poor primitive area to work the farm for six years. that experience taught him a lot of things: humility, adaptability, et cetera. he thought this was his defining formative experience. now in terms of policy, he is very market friendly. some areas are very famous for private sector where he was leader. he really promote private sector but at the same time that he never said anything about the political rereform. so politically he is a conservative. finally his attitud

at the pentagon, xi was given full honors, even as china now challenges the u.s. in the south china sea. and vetoed the u.n. resolution against syria last week. today, xi faced human rights protesters at the white house. and criticism from president obama about human rights and unfair trade practices. >> with expanding power and prosperity also comes increased responsibilities. and so we want to work with china to make sure that everybody is working by the same rules of the road when it comes to the world economic system. >> reporter: u.s. officials are sizing xi up. his background provides some clues. xi's father, one of china's original revolutionaries was purged by mao and jailed for being too pro reform. xi himself was exiled for seven years to a work camp during the cultural revolution. his daughter attends harvard. his nephew is at georgetown. and in 1985, xi went to iowa to learn how to raise hogs. >> he slept in the kids' rooms with "star wars" on the wall. he sat around our dining room table. we just gave him an iowa welcome. >> reporter: xi is said to lik

u.s. not from china because if we look at the military spending in china it's less than the tenth of what the u.s. spends on military china spends more on their don't mistake police force than all their military operations put together and you u.s. has hundreds of military bases around the world china doesn't even have one so there's no reason why china want to start a military conflict with the u.s. and more so why would they block their own ships from shipping their goods to the u.s. because they want to obviously in the grow economically so it would just make no sense the u.s. on the other hand because they're so powerful because there's so much military power and they don't want to take military cuts obviously in the pentagon they are trying to find excuses in order to maintain the current spending and i think that this is very unhelpful really interesting insight there i appreciate you being on the show you always give us a unique perspective on these issues thanks that was author and professor and lee. ok it's valentine's day here in the u.s. so in the spirit we had to do something l

u.s.-china relationships are at a critical juncture.hina is becoming the second largest economy, overtaking the u.s. and very soon. this is when the u.s. has never, this is probably the first time in the world, especially in asia, that the u.s. had to deal with a country which is almost equally powerful. so xi jinping will become the next top leader in the next year. so it is very important for the leaders to build relations. >> what about the chinese vice president? what does he hope to achieve? is this only and getting to know you visit? >> for him, this is very much of visit initiated by the u.s. the top leadership of the visit to the united states. it happened in 1979. then hu jintao visited the u.s. the chinese leadership is rather opaque. to deal person to person, understanding that is very important for both parties, it is better for the u.s. >> if the vice president becomes the next leader of china -- is still not confirmed -- how different will he lead china vis-À-vis the current leaders such as hu jintao and wen jiabao? >> tha

u.s.-china working group. we are seeing the vice president of china visit the united states this week and it's said to be especially significant because he is intended to be expected to be the next leader of china. congressman larsen, who benefits the most from this visit? the united states or china? guest: i think china probably benefits the most from this visit in that vice president xei is introducing himself to the -- of the obama administration, to u.s. government officials, and the united states. i think longer term both countries will benefit because i think we need to see this as an investment in the u.s.-china relationship as opposed to just a one visit. host: congressman by standy, what are you watching from this visit. we are seeing is meetings between the president and vice president xei? and it's fairly staged. there is not a lot of fireworks going on. this is more of a ceremonial greeting that they have shared together yesterday in the oval office. what are you watching for? guest: it's ceremonial

u.s. china relations will depend on the know how they will able to manage the complex issues both on bilateral regional and global level so i believe there will be tensions but most of all it will be very important how the new generations of leaders especially in the trying out will be able to manage the own domestic problems and how they will be able to communicate with the americans and vice versa so it's important really not to see that as a zero sum game as there are some perspective if there is a room for cooperation there's a room to to improve the relations further ok about how drastically that their parents are lists that they read about in school of international studies thank you for joining us here at all to think. you can log on to our team dot com or twenty four hours a day the latest details on the stories we're covering also online while the recent cold spell parts of your things chaos temperatures weightless zero we just child's play for one russian major and the way this fifteen

a leader had of in-waiting from china meeting the u.s. president. how significant do you understand it to be? >> i think this is a meeting of good significance. it's his first real big trip to the united states at the invitation of the vice president, a follow-up to vice president biden's trip to china in august of last year. this is, you know, a bit of a getting-to-know-each-other kind of a trip, getington more about the vice president and who he is and the issues he stands for and a realization, i think, by both sides, that the u.s.-china relationship, both bilatterly and as it impacts the region of the world, is extremely important. >> it's interesting, the getting to know each other, the u.s. keen to find out where xi jinping stands on, say, policy issues, particularly the tricky ones like currency, trade and human rights. where do you think he does stand on that? >> certainly we'll see that he toes the party line during this trip. i wouldn't expect any great shifts from kind of the standard practice of the chinese government in saying that curr

poll this is the second year in a row now that americans say that they see china as the leading economic power and not the u.s. well it's not actually because china is america's credit and so your creditor is always the most important person in europe financial relationships we owe chinese a lot of money and so there are the all straight. now he isn't quite the leader yet right this isn't happening until next year but how important do you think it is to try to solidify if you can really even use that word this relationship now while they have the time is here in the states well it's important for a number of reasons number one we want to make sure let me phrase the american government wants to make sure that china will continue to purchase treasury bonds and will not start dumping treasury bonds will not use faith in the treasury bond market and so it's very important for the further department i'm sure geithner's drones are out there talking to the chinese counterparts time in the united states is a great credit risk and blow up a so it's important and it's now of course this gentleman here is definitely goi

u.s. seems to have is that there is this china is growing china's growing influence in that region and that is why the u.s. as shifting the military strategy away from the middle east to china and with this new military invention i mean how do we expect china to to react to this. look it's clear that let's pick shrek a little bit i think it's important to remember that every scene that we're watching now started with another visit to do less but i hope dench opening himself in one nine hundred seventy night he started the ball rolling america fell in love with then again one nine hundred seventy nine and when he came back to shiner he'll each all these reforms and we're seeing the fruits of different forms nowadays the second largest economic power in the world. and no press is strategic competitor of us and so many areas and even though we have no obama when he goes around us talking to military or he talks about how good the airports over there oh go there the railroads over there and over seeing as we know the infrastructure the u.s. is from delhi and that's exactly and have a as we saw

u.s. and china has about nine percent economic growth why the u.s. has about one point nine percent so is good to diversify some with the foreign exchange holdings into something not a u.s. dollar basis like go but of course together with. china we would need to have a say in the global financial situation right now. you.

provides you with cheap labor and host thousands of your factory to the remarkable development of china u.s. relations america's love for china would be boundless if not for the growing fear of it these guys around for us and the end of it and looking for ways to have. to work to harm us i want to beat china i want to go to war with china and make america the most attractive place in the world to do business menacing and vilifying china are typical for political campaigns in america these days like these gents add them until they get warm and go ask their dad to our form to do it and that is how our great empire grows again. it's not too late to stop this nightmare it's on r.g.p. even children still made in china in short manage anything. no sweetie the chinese aren't going to get. there's still billion of them in the economy is getting there with it this is it take now to do they're going to be get in there and make it. with china being the biggest foreign creditor for the us the economic interdependency between the two is raising red flags in the minds of many americans china can very eas

[translating to chinese] >>to state the obvious, u.s.- china relationship is a critical component of our broader asian strategy. our people both american and chinese are are all around the world. [translating to chinese] >> i first visited china in 1979. the prosperity achieved since then that i saw as recently as this past august is stunning. >> -- [translating to chinese] >> it is a great credit the talents of the chinese people. [translating to chinese] >> i respectfully suggest that this remarkable growth and not occur in a vacuum. it was cultivated at every turn by an international system that enables rapid development grounded in a rules that apply with equal measure to all nations. [translating to chinese] >> even as our corp. gross the united states and -- cooperation gross, the united states welcomes competition. it compels our citizens to drive from the challenge. cooperation can only be mutual beneficial if the game is fair. >> [translating to chinese] ha ha [translating to chinese] >> that's why the meetings were a continuation of the meetings we had in your countries in a

in all these parties, the topic of china-u.s. relations is the most talked-about topic. y to see that last year progress has been made in china-u.s. relationship. we saw a frequent exchange of high-level visits. the president of china, mr. hu jintao, visited america. the and the vice president of this country, mr. biden, visited china in august. this was a very important visit. there is another next week. we saw last year a record growth of our people to people exchange. according to that temporary statistic, in the first nine months of last year, 1.0 7 million chinese tourists visited this country, the biggest increase of 27.7%. more than 2 million american people visited china, which means on average, every day, more than 9000 people are crossing the pacific. nowadays, about 160,000 chinese students are studying here. you have more than 20,000 american boys and girls studying in china. we saw a new record of our bilateral trade. last year, america experted $167.70 billion to china, up by 19%. that makes china and america each other's second-largest trading partner. the

what china's stance on syria also crop top on the first day of talks to the chinese vice president's visit to the u.s. she jinping is american colleagues a voice disappointment with beijing and moscow vetoing that recently were his admission on syria also that china was a criticism of its type of trade that was an act of copyright in force which was the visiting vice president took stoically. brief exchanges that he was not a ceremonial as american leaders sized up being the man widely tipped to be beijing the next decade christine because of the nation state between the two economic times. he loves me loves me that age old question is one china at least has every right to ask regarding its relationship with the united states just in the last three years china has been winding down mind. praised and envied for its ability to do whatever it wants to right now in china the government can disconnect parts of its internet in the case of war we need to have that here too the chinese pay zero capital gains tax folks in congress are also going to get a chance to decide later in the month whether our constru