President Obama: Good
afternoon, everybody. Please have a seat. I want to once again
welcome President Xi back to the White House. We first hosted him here
three years ago when he was Vice President. So this is our sixth meeting. As a result of our
efforts, our two nations are working together more
closely across a broader range of critical issues
— and our cooperation is delivering results, for both
our nations and the world. Since I took office, American
exports to China have nearly doubled and now support nearly
one million American jobs. Chinese investment in the
United States helps support jobs across our country. We partner to address
global challenges, whether it’s promoting
nuclear security, combating piracy off
the Horn of Africa, encouraging development and
reconciliation in Afghanistan, and helping to end the Ebola
epidemic in West Africa. The historic climate change
announcements that we made last year in Beijing have
encouraged other countries to step up, as well,
increasing the prospects for a stronger global
agreement this year. And as a member of the P5+1,
China was critical to both the sanctions regime that
brought Iran to the negotiating table and to the talks that
produced the comprehensive deal to prevent Iran from
obtaining a nuclear weapon. So, greater prosperity and
greater security — that’s what American and Chinese
cooperation can deliver. That’s why I want to say again,
the United States welcomes the rise of a China that is
peaceful, stable, prosperous, and a responsible player
in global affairs. And I’m committed to
expanding our cooperation, even as we address disagreements
candidly and constructively. That’s what President Xi and
I have done on this visit — during our working dinner last
night and our meetings today. Let me mention
some specifics. First, with respect to our
economic relationship, we agreed to step up our work
toward a high-standard bilateral investment treaty that would
help level the playing field for American companies. We’ve committed ourselves to a
set of principles for trade in information technologies,
including protection of innovation and
intellectual property. President Xi discussed his
commitment to accelerate market reforms, avoid devaluing
China’s currency, and have China play a greater
role in upholding the rules-based system that
underpins the global economy — all of which are steps
we very much support. I raised once again our very
serious concerns about growing cyber-threats to American
companies and American citizens. I indicated that it
has to stop. The United States government
does not engage in cyber economic espionage
for commercial gain. And today, I can announce
that our two countries have reached a
common understanding on the way forward. We’ve agreed that
neither the U.S. or the Chinese government will
conduct or knowingly support cyber-enabled theft of
intellectual property, including trade secrets or
other confidential business information for
commercial advantage. In addition, we’ll
work together, and with other nations, to
promote international rules of the road for appropriate
conduct in cyberspace. So this is progress. But I have to insist that
our work is not yet done. I believe we can expand our
cooperation in this area, even as the United States
will continue to use all of the tools at our disposal
to protect American companies, citizens and interests. Second, I’m pleased
that we’re building on last year’s climate commitments. Last month, I issued our Clean
Power Plan to help reduce America’s carbon emissions. Today, I want to commend China
for announcing that it will begin a national market-based
cap-and-trade system to limit emissions from some
of its largest sectors. Last year, I announced our
pledge of $3 billion to the Green Climate Fund to
help developing nations deal with climate change. Today, I welcome China’s
major commitment of climate finance for the most
vulnerable countries as well. Our two countries are also
putting forward our common vision for the ambitious
climate change agreements that we seek in Paris. When the world’s two
largest economies, energy consumers and carbon
emitters come together like this, then there’s no reason
for other countries — whether developed or developing
— to not do so as well. And so this is another major
step towards the global agreement the world needs to
reach in two months’ time. Third, with respect to
security in the Asia Pacific, we agreed to new channels of
communication to reduce the risks of miscalculations
between our militaries. The United States and China
have reaffirmed our commitment to the complete and
verifiable denuclearization of the Korean Peninsula
in a peaceful manner. We demand the full
implementation of all relevant U.N. Security Council resolutions and we will not accept North Korea as a nuclear weapon state. We did have candid discussions
on the East and South China Seas, and I reiterated the right
of all countries to freedom of navigation and overflight
and to unimpeded commerce. As such, I indicated that
the United States will continue to sail, fly and
operate anywhere that international law allows. I conveyed to President Xi our
significant concerns over land reclamation, construction
and the militarization of disputed areas, which
makes it harder for countries in the region to resolve
disagreements peacefully. And I encouraged a
resolution between claimants in these areas. We are not a claimant; we
just want to make sure that the rules of
the road are upheld. I reiterated my strong
commitment, as well, to our One-China policy
based on the Three Joint Communiqués and the
Taiwan Relations Act. Fourth, we’ve
agreed to do more to promote
international security. At the United Nations in
the coming days, the U.S. and China will bring countries
together to promote development in Afghanistan, and we’ll
work with our many partners to strengthen international
peacekeeping. We agree that all
parties, including Iran, need to fully implement the
nuclear deal, and that U.N. Security Council resolutions
need to be fully enforced. For the first time, the U.S. and China will also
formally partner to promote global
development. Building on our
efforts against Ebola, we’ll work to strengthen
global health security. We’ll expand our joint efforts
on humanitarian assistance, disaster response, agricultural
development and food security. And given China’s success in
lifting hundreds of millions of people out of poverty — which
is one of the most remarkable achievements in human history
— we will help rally the world this weekend around
new development goals, including our goal to
end extreme poverty. Fifth, we had a frank
discussion about human rights, as we have in the past. And I again affirmed
America’s unwavering support for the human rights and
fundamental freedoms of all people, including freedom
of assembly and expression, freedom of the press
and freedom of religion. And I expressed in candid terms
our strong view that preventing journalists, lawyers, NGOs
and civil society groups from operating freely, or closing
churches and denying ethnic minorities equal treatment are
all problematic, in our view, and actually prevent China
and its people from realizing its full potential. Obviously, we recognize
that there are real differences there. And President Xi shared his
views in terms of how he can move forward in a
step-by-step way that preserves Chinese unity. So we expect that we’re
going to continue to consult in these areas. Even as we recognize Tibet as
part of the People’s Republic of China, we continue to
encourage Chinese authorities to preserve the religious
and cultural identity of the Tibetan people,
and to engage the Dalai Lama or his representatives. Finally, we’re taking more
steps to expand the connections between our two peoples. We launch a new initiative
to boost tourism between our countries in the coming months. And just as children across
China learn English, we’re starting a new initiative
called “1 Million Strong” to encourage 1 million
American students to learn Mandarin Chinese over
the next five years. Vice President Biden pointed out
that two of his children are already on track — two of
his grandchildren, actually. After all, if our countries are
going to do more together around the world, then speaking
each other’s language, truly understanding each other,
is a good place to start. So, overall, we’ve had an
extremely productive meeting. The particular work that has
been done by our teams shows the extraordinary progress
that we can make when we’re working together. The candid conversations between
President Xi and myself about areas of disagreement help us to
understand each other better, to avoid misunderstandings
or miscalculations, and pave the way potentially
for further progress in those areas. And, President Xi, I want to
thank you again for expanding your commitment to cooperation
between our nations. I believe that it’s another
reminder that as we work to narrow our differences, we can
continue to advance our mutual interests for the benefit
not only of our two peoples, but for the benefit
of the world. Thank you very much. President Xi: (As
interpreted.) President Obama, dear friends from the press,
ladies and gentlemen, dear friends — good morning. It’s a great pleasure for me to
meet with all of you together with President Obama. Let me begin by thanking again
President Obama and the U.S. government for the gracious
hospitality and thoughtful arrangements and warm
reception accorded to me and the Chinese delegation. I also want to thank
the American people for a warm welcome. Yesterday and today, President
Obama and I have had in-depth discussions on our respective
domestic and foreign policies, important topics in
bilateral relations, international and
regional situation. Our meetings are
constructive and productive, and we have reached extensive
and important consensus. During the discussions,
President Obama shared with me the domestic agenda and
foreign policy priorities that he has been working on. And I congratulated him
on the progress that he has made in those areas. I appreciate President Obama’s
reaffirmation to me that the United States welcomes
the rise of a peaceful, stable and prosperous China. It supports China
to play a bigger role in the international arena. And the United States supports
China’s reform at opening up. I indicated to President
Obama that China is making all-around efforts to
deepen comprehensive reform, to build law-based governance,
to enforce strict party discipline, so as to achieve
the grand goal of building a society of initial
prosperity in all respects. The reform at opening
up China will not stop. China is firmly committed to the
path of peaceful development. It is committed to growing
friendship and cooperative relations with all
countries in the world. To work with the United
States to build the new model of major-country
relationship without conflict, without confrontation, with
mutual respect and win-win cooperation is a priority
in China’s foreign policy. We have spoken highly of the
important progress made in China-U.S. relations since the Sunnylands summit in 2013. And we have agreed to
follow the consensus, expand the practical
cooperation in various areas at the bilateral, regional,
and global level, and manage differences and
sensitive issues in constructive manner, and to advance the
new model of major-country relationship between China
and the United States. We have agreed to deepen
the practical cooperation in various areas at
the bilateral scope. We have agreed to vigorously
push forward the bilateral investment treaty negotiation,
speed up the pace of the work so as to achieve a high standard
and balanced agreement. We will expand mutually
beneficial cooperation in energy, environmental
protection, science and technology,
aviation, infrastructure, agriculture, health
and other areas. The two governments and relevant
agencies have signed many cooperation agreements,
and our businesses have signed a series of
commercial contact. China and the United States
are highly complementary economically and there
is huge potential for further cooperation. For the United States to
recognize China’s market economy status and ease export control
on civilian high-tech items, it will help expand the
mutually beneficial cooperation between
the two countries. We have also had in-depth
discussion on the current international, economic,
and financial situation. We have agreed to step
up macroeconomic policy coordination and
jointly promote global economic growth and
financial stability. To this end, we have established
the mechanism on regular phone conversation on economic
affairs between China and the United States which
will be led by Vice Premier Wong Yang of China and Secretary
of Treasury Jacob Lew. They will stay in
close communication on respective and global
major economic issues. We will also step up
cooperation within G20, the World Bank, IMF, and other
multilateral mechanisms. I appreciate the U.S. supporting including the RMB
into the IMF Special Drawing Rights when certain
standards of the IMF are met. And I also appreciate
the U.S. commitment to implement the IMF
quota and governance structure reform plan adopted
at the G20 Summit in 2010 at an early date. We have truly affirmed the
new progress made in the confidence-building mechanisms
between the two militaries. We have agreed to step up
exchanges in policy dialogues between the two
militaries at all levels, hold more joint
exercises and training. We believe that terrorism is
the common enemy of mankind, and we have agreed to step up
multilateral and bilateral counterterrorism cooperation. We have decided to increase
communication and cooperation on counter-piracy,
humanitarian assistance, and disaster reduction, and
international peacekeeping operation, and also
anti-corruption — law enforcement cooperation
to jointly fight against all kinds of transnational
corruption crimes. We have in-depth discussion
on the situation of the Asia Pacific. And we believe that China and
the United States have extensive common interests in this region,
and we should continue to deepen dialogue and cooperation on
regional affairs and work together to promote active
interactions and inclusive cooperation in the Asia Pacific,
and work with countries in the Asia Pacific to
promote peace, stability, and prosperity in this region. China is committed to the
path of peaceful development and a neighboring foreign
policy characterized by good neighborliness and partnership
with our neighbors. Islands in the South China
Sea since ancient times are China’s territory. We have the right to uphold our
own territorial sovereignty and lawful and legitimate maritime
rights and interests. We are committed to
maintaining peace and stability in the South
China Sea, managing differences and disputes through dialogue,
and addressing disputes through negotiation, consultation, and peaceful manner, and exploring ways to achieve mutual
benefit through cooperation. We’re committed to respecting
and upholding the freedom of navigation and overflight
that countries enjoy according to international law. Relevant construction activities
that China are undertaking in the island of South — Nansha
Islands do not target or impact any country, and China does not
intend to pursue militarization. China and the United States
have a lot of common interests on the issue
of South China Sea. We both support
peace and stability of the South China Sea. The countries directly involved
should address their dispute through negotiation,
consultation and in peaceful means. And we support freedom of
navigation and overflight of countries according to
international law and the management of differences
through dialogue, and full and effective
implementation of DOC and an early conclusion of the
consultation of COC based on consensus-building. We have agreed to maintain
constructive communication on relevant issues. China and the United States
are two major cyber countries and we should strengthen
dialogue and cooperation. Confrontation and friction
are not made by choice for both sides. During my visit, competent
authorities of both countries have reached important consensus
on joint fight against cyber-crimes. Both sides agree to
step up crime cases, investigation assistance
and information-sharing. And both government will not be
engaged in or knowingly support online theft of
intellectual properties. And we will explore the
formulation of appropriate state, behavior and
norms of the cyberspace. And we will establish a
high-level joint dialogue mechanism on the fight against
cyber-crimes and related issues, and to establish hotline links. Democracy and human rights are
the common pursuit of mankind. At the same time, we must
recognize that countries have different historical
processes and realities, and we need to respect people
of all countries in the right to choose their own development
path independently. The Chinese people are seeking
to realize the great renew of the Chinese nation, which
is the Chinese history. This process in essence is a
process to achieve social equity and justice and
advancing human rights. China stands ready to, in the
spirit of equality and mutual respect, conduct human rights
dialogue with the United States, expand consensus,
reduce differences, learn from each other,
and progress together. We have decided to continue to
work together to tackle global challenges and provide
more public good for the international community. We, again, issued a joint
announcement on climate change. We have agreed to expand
bilateral practical cooperation, strengthen coordination in
multilateral negotiation, and work together to push the
Paris climate change conference to produce important progress. We have signed China-U.S. development cooperation MOU,
and we have agreed to expand trilateral cooperation in Asia,
Africa and other regions in terms of food security, public
health system establishment, emergency response,
and disaster reduction. And we will maintain
communication and coordination in implementing the post-2015
development agenda, promote a more equitable and
balanced global development partnership, and help
developing countries to achieve common development. We have agreed to firmly uphold
the international nuclear non-proliferation regime. President Obama and I welcome
the comprehensive Joint Plan of Action reached by
relevant parties regarding the Iranian nuclear issue. We reaffirmed that all relevant
parties should undertake to implement the agreement fully,
and work together to implement all relevant United Nations
Security Council resolutions. We reaffirm our commitment
to realize the complete and verifiable
denuclearization of the Korean Peninsula in peaceful way. And we oppose any action that
might cause tension in the Korean Peninsula or violate U.N. Security Council resolution. We believe that the September
the 19th joint statement of the Six-Party talks
and relevant U.N. Security Council resolutions
should be implemented in full, and all relevant parties should
work together to firmly advance the denuclearization process
of the Korean Peninsula, and maintain peace and
stability so as to achieve enduring peace and stability
in Northeast Asia. The friendship between the two
peoples is the most reliable foundation for long-term and
stable development of China-U.S. relations and we should
endeavor to solidify this important foundation. We have decided to make 2016 a
year of tourism for China and the United States. In the next three years,
we will fund a total of 50,000 students to study
in each other’s countries. We also welcome the United
States’ decision to extend the 100,000 Strong initiative from
universities to elementary and secondary schools, and by 2020,
1 million American students will learn Mandarin. The door of friendship of
China will continue to be open to the American people. I also hope that the
Chinese people could come to the United States for
holidays or visits more easily and conveniently. Mr. President, with 36
years of development, the interests of China and
the United States are deeply interconnected, and we have
greater responsibilities for world peace and
human progress. There are broad areas
that the two sides should and can work together. The Chinese side stands ready to
work with the United States to uphold a spirit of perseverance,
and advance bilateral relations to seek further progress to the
better benefits of the Chinese and American people and
the people in the world. Thank you. (applause) President Obama: Okay, we’re
going to take a few questions. We’re going to start with
Margaret Talev of Bloomberg. The Press: Thank you, Mr. President. President Obama
and President Xi, I’d like to talk
to you about cyber. If I am an American business
and I’m being hacked by Chinese pirates who are trying to steal
my intellectual property, what firm assurances can you
give us today that things are going to get better, and when? President Obama, are you
satisfied enough about the steps that China is taking to hold
off on imposing any new sanctions to this end? Or what do you
still need to see? And, President Xi, could we
expect prosecutions of Chinese people and organizations who
have hacked American businesses? And if the U.S. did sanction anyone in
China, would you respond with sanctions? Also, everyone will kill me
if I don’t ask — what is your reaction to House Speaker John
Boehner’s decision to resign? (laughter) Will this make life
better or worse for you? Are you concerned it will make
it more difficult to avoid a government shutdown or
raise the debt limit? And do you think Boehner could
just waive the rules and get immigration reform
through before he leaves? Thank you. President Obama: I’ll
take them in order. With respect to cyber, this
has been a serious discussion between myself and President
Xi since we first met in Sunnylands. And the good news, from
my perspective, is, is that in the lead-up to and
then finalized during our meetings here today,
we have, I think, made significant progress
in agreeing to how our law enforcement and investigators
are going to work together, how we’re going to
exchange information, how we are going to go after
individuals or entities who are engaging in cyber-crimes
or cyber-attacks. And we have jointly
affirmed the principle that governments don’t engage in
cyber-espionage for commercial gain against companies. That all I consider
to be progress. What I’ve said to President Xi
and what I say to the American people is the question now is,
are words followed by actions. And we will be watching
carefully to make an assessment as to whether progress has
been made in this area. With respect to the various
tools that we have to go after those who are attacking our
companies or trying to extract trade secrets or data, we have
traditional law enforcement tools, but — as I indicated a
while back — through executive action, I’ve also instituted the
ability to impose sanctions on individuals or entities
where we have proof that they’ve gone after U.S. companies or U.S. persons. And we did not, at our level,
have specific discussions of specific cases. But I did indicate to President
Xi that we will apply those and whatever other tools we
have in our toolkit to go after cyber criminals,
either retrospectively or prospectively. Those are tools generally that
are not directed at governments; they are directed at
entities or individuals that we can identify. And they’re not unique to China. Those are tools that we’re going
to be using for cyber criminals around the world. And President Xi, during
these discussions, indicated to me that,
with 1.3 billion people, he can’t guarantee the behavior
of every single person on Chinese soil — which I
completely understand. I can’t guarantee the actions
of every single American. What I can guarantee, though,
and what I’m hoping President Xi will show me, is that we are not
sponsoring these activities, and that when it comes to our
attention that non-governmental entities or individuals are
engaging in this stuff, that we take it seriously and
we’re cooperating to enforce the law. The last point I’ll make on the
cyber issue — because this is a global problem, and because,
unlike some of the other areas of international cooperation,
the rules in this area are not well developed, I think it’s
going to very important for the United States and China, working
with other nations and the United Nations and other
— and the private sector, to start developing an
architecture to govern behavior in cyberspace that is
enforceable and clear. It doesn’t mean that we’re going
it prevent every cyber-crime, but it does start to serve as a
template whereby countries know what the rules are,
they’re held accountable, and we’re able to jointly
go after non-state actors in this area. On John Boehner, I just heard
the news as I was coming out of the meeting here, so
it took me by surprise. And I took the time prior to
this press conference to call John directly and talk to him. John Boehner is a good man. He is a patriot. He cares deeply about the House,
an institution in which he served for a long time. He cares about his constituents,
and he cares about America. We have obviously had
a lot of disagreements, and politically we’re at
different ends of the spectrum. But I will tell you, he has
always conducted himself with courtesy and civility with me. He has kept his word when
he made a commitment. He is somebody who
has been gracious. And I think maybe
most importantly, he’s somebody who understands
that in government, in governance, you don’t get
100 percent of what you want, but you have to work with
people who you disagree with — sometimes strongly — in order
to do the people’s business. I’m not going to prejudge who
the next Speaker will be. That’s something that will
have to be worked through in the House. And I will certainly reach
out immediately to whoever is the new Speaker to see
what his or her ideas are, and how we can make progress
in the important issues that America faces. The one thing I will say is that
my hope is there’s a recognition on the part of the next Speaker
— something I think John understood, even though at times
it was challenging to bring his caucus along — that we can
have significant differences on issues, but that doesn’t mean
you shut down the government. That doesn’t mean you risk
the full faith and credit of the United States. You don’t invite potential
financial crises. You build roads and pass
transportation bills. And you do the basic work of
governance that ensures that our military is operating
and that our national parks are open and that
our kids are learning. And there’s no
weakness in that. That’s what government
is in our democracy. You don’t get what you want
100 percent of the time. And so sometimes you
take half a loaf; sometimes you take
a quarter loaf. And that’s certainly
something that I’ve learned here in this office. So I’m looking forward to
working with the next Speaker. In the meantime, John is not
going to leave for another 30 days, so hopefully he feels
like getting as much stuff done as he possibly can. And I’ll certainly be
looking forward to working with him on that. President Xi: (As interpreted.)
Madam reporter has raised the cybersecurity issue. Indeed, at current, for the
international community and for China and the United States,
this is an issue all attach great importance to. With President Obama and I have
on many occasions — and this is a long history — have
exchange of views on this. I think it’s fair to say we’ve
reached a lot of consensus on cybersecurity, including
some new consensus. Overall, the United States is
the strongest country in terms of cyber strength. China is the world’s biggest
cyber country in terms of the number of Web users. We have more than 600
million of netizens. Our two sides should cooperate
because cooperation will benefit both, and confrontation will
lead to losses on both sides. We are entirely able to carry
out government department and expert levels of dialogue and
exchanges to strengthen our cooperation in many respects and
turn the cybersecurity between the two countries into
a new growth source, rather than a point of
confrontation between the two sides. China strongly opposes and
combats the theft of commercial secrets and other kinds
of hacking attacks. The U.S. side, if has concerns in this respect, we can, through the exiting channels,
express those concerns. The Chinese side will
take seriously the U.S. provision of any information. Now, we have already, and in
the future, we will still, through the law
enforcement authorities, maintain communication and
coordination on this matter, and appropriately address them. So, all in all, we have broad,
common interest in the field of the cyber. But we need to strengthen
cooperation and avoid leading to confrontation. And nor should we
politicize this issue. During my current visit, I
think it’s fair to say that the two sides, concerning
combatting cyber-crimes, have reached a lot of consensus. Going forward, we need
to, at an early date, reach further agreement on
them and further put them on the ground. Thank you. Now I would like to propose
for China’s Central Television reporter to raise a question. The Press: Thank you,
Mr. President Xi. I have a question
for President Obama. I have noticed that last night,
during a meeting with President Xi Jinping, as well as at
the welcoming ceremony this morning and the
just-recently-made remarks, you’ve indicated that the
U.S. welcomes the rise of a peaceful, stable
and prosperous China, and supports China to
play a bigger role on the international stage. Would you please elaborate? That for your office so far,
what have you done to enable reaching this target? And we are more interested for
the remainder of the office, what will you do still
further to reach that goal? Thank you. President Obama:
Well, first of all, I think that the United States
has provided a platform in the post-World War II era in which
the Asia region has been able to stabilize, and the conditions in
which China was able to grow so rapidly were maintained. And we’re very proud of the
work that we did after World War II to help rebuild
both Asia and Europe; to help establish the
international norms and rules that facilitated growing global
trade and connections and travel and interactions; and to
help maintain the peace. Since I’ve been President, my
goal has been to consistently engage with China in a
way that is constructive, to manage our differences and
to maximize opportunities for cooperation. And I’ve repeatedly said
that I believe it is in the interests of the United
States to see China grow, to pull people out of poverty,
to expand its markets, because a successful and
stable and peaceful China can then serve as an
effective partner with us on a range of
international challenges. Last night, during
our discussions, I mentioned to President Xi that
as powerful as the United States is, the nature of the biggest
challenges we face — things like climate change, or
terrorism, or pandemic, or refugees — those are not
issues that any one nation alone can solve. And we recognize, because of
our strength and the size of our economy and the
excellence of our military, that we can play a special role
and carry a larger burden, but we can’t do it alone. China, despite its size, still
has development challenges of its own, so it can’t
solve these problems alone. We’ve got to work together. We’ve got to cooperate. And I think that can happen as
long as we continue to recognize that there’s a difference
between friendly competition — which we have with some of our
closest friends and allies like Great Britain or Germany —
and competition that tilts the playing field unfairly in
one direction or another. That’s typically where tensions
between our countries arise, is our desire to uphold
international norms and rules — even as we recognize that we
need to update some of these international institutions to
reflect China’s growth and strength and power. So President Xi mentioned
IMF reform, quota reform. That’s an area where we fully
support and want to implement a greater voice and vote for
China in that institution, reflective of its strength. The same will be true when we
go up to the United Nations on peacekeeping initiatives. China is able to project its
capabilities in a way that can be extremely helpful
in reducing conflict. And in all of those issues, as
well as education, science, technology, we think that the
opportunities for cooperation are there as long as there’s
reciprocity, transparency, and fairness in
the relationship. And what I have said in the
past to President Xi is, is that given China’s size, we
recognize there’s still a lot of development to be done and a
lot of poverty inside of China, but we can’t treat China as
if it’s still a very poor, developing country, as it
might have been 50 years ago. It is now a powerhouse. And that means it’s got
responsibilities and expectations in terms of
helping to uphold international rules that might not
have existed before. And that is something
China should welcome. That’s part of the deal of
being on the world stage when you’re a big country, is
you’ve got more to do. My gray hair
testifies to that. (laughter) Julie Davis. The Press: Thank
you, Mr. President. I know you said you didn’t want
to prejudge the next Speaker. But I wonder if you could tell
us what Speaker Boehner’s resignation today tells you
about the Republican Party and your ability to work with
Congress in the remainder of your term, particularly
since it’s coming at a time when you’re trying to negotiate
to avert a government shutdown. Does this make that
easier or harder? And do you think that you’ll be
able to move forward with the Congress on priorities like the
budget, Planned Parenthood, immigration that you weren’t
able to address with Speaker Boehner in his position? And for President Xi, you’ve
experienced an economic downturn in your country with
the stock market crisis. And investors, globally, have
been concerned about some of the actions you’ve taken to
intervene in the stock market and with the currency
exchange rate. I wonder if you could stay
what you told President Obama, or what you can say today, to
restore confidence that these interventions will not have
spillover effects into the global economy
in the future. Thank you. President Obama: Well,
Julie, I meant what I said. I’m not going to prejudge how
I’ll be able to work with the next Speaker because I don’t
know who the next Speaker is. And I suspect that there’s going
to be a lot of debate inside the Republican caucus about
who they want to lead them and in what direction. It’s not as if there’s been a
multitude of areas where the House Republican caucus has
sought cooperation previously, so I don’t necessarily think
that there’s going to be a big shift. I do think that Speaker Boehner
sometimes had a tough position because there were members in
his caucus who saw compromise of any sort as weakness
or betrayal. And when you have
divided government, when you have a democracy,
compromise is necessary. And I think Speaker Boehner
sometimes had difficulty persuading members of
his caucus of that. Hopefully they’ve learned
some lessons from 2011, the last time that they sought
to introduce a non-budget item into the budget discussions. At that it was Obamacare, and
they were going to shut down the government for that purpose. It ended up really hurting
the economy, slowing it down, and caused a lot of hardship
and a lot of problems for a lot of people. Because it turns out,
actually, government provides a lot of vital services. Our military provides
us protection. Our agencies keep our air
clean and our water clean. And our people every single
day are helping to respond to emergencies, and helping
families get Social Security checks, and helping them
deal with an ailing parent. And when you insist that unless
I get my way on this one particular issue I’m going to
shut down all those services — and, by the way, leave a whole
lot of really hardworking people without paychecks — that
doesn’t just hurt the economy; that hurts — in the abstract,
it hurts particular families. And as I recall, it wasn’t
particularly good for the reputation of the
Republican Party either. So, hopefully, some lessons
will be drawn there. I expect we’ll continue to have
significant fights around issues like Planned Parenthood, and
significant fights around issues like immigration. But perhaps the visit by the
Holy Father to Congress may have changed hearts and minds. I know that Speaker Boehner was
deeply moved by his encounter with Pope Francis. I want to congratulate
him, by the way, on facilitating
that historic visit. I know it meant a lot
to John and his family. And I would just ask members
to really reflect on what His Holiness said —
not in the particulars, but in the general proposition
that we should be open to each other, we should not
demonize each other, we should not assume that we
have a monopoly on the truth or on what’s right, that we listen
to each other and show each other respect, and that we show
regard for the most vulnerable in our society. It’s not a particularly
political message, but I think it’s a good
one — at a moment when, in our politics, so often the
only way you get on the news is if you’re really rude or you say
really obnoxious things about people, or you insist that other
people’s points of views are demonic and evil, and leave
no room at all for the possibilities of compromise. I’d like to think that
that spirit will continue to permeate Washington
for some time to come. And I know that, in his heart,
that’s who John Boehner was. It was sometimes
hard to execute. But as I said, he is a good
man and a reasonable man. And he’s going to be
around for a while, and I hope that we can get
some things done before he steps down. President Xi: (As interpreted.)
Thank you, madam reporter, for your interest
in China’s economy. China is now committed to
improving the marketized renminbi exchange
rate formation regime. Since 2005, we adopted
the exchange rate reform. By June this year, the
renminbi has risen in value by more than 35
percent with the U.S. dollar. Last month — in fact, we are
continuing to make reforms to the renminbi exchange rate
central parity quotation regime. That increased the intensity
for the markets to determine the exchange rate of renminbi. Due to the influence of
factors, such as the previous strengthening of the U.S. dollar and somewhat turbulence
on the financial market, the renminbi exchange rate after
reform has experienced a certain degree of fluctuation. However, there is no basis
for the renminbi to have a devaluation in the long run. At present, the exchange rate
between renminbi and U.S. dollars is moving
toward stability. Going forward, China
will further improve the marketization and formation
regime of renminbi exchange rate, maintain the normal
fluctuation of the exchange rate, and maintain the basic
stability of renminbi at an adaptive and equilibrium level. At present, China is also under
increasing pressure of economic downturn and some fluctuations
on the stock market. Challenges and difficulties
have obviously increased. But what we are taking is
proactive fiscal policy and prudent monetary policy. And we describe them as
measures to stabilize growth, promote reform, restructuring,
promote people’s livelihood, and fend off risks. By comprehensively
taking measures, we managed to maintain
a 7 percent of growth rate in the first
half of this year. Last year, we achieved a
7.3 percent of growth rate. And compared with the
aggregate economic strength, the increase — the absolute
increase of the economy is equivalent to the size of
a middle-sized economy. So for the first
half of this year, our growth order is 7 percent,
and for the whole year, I think it is expected
at the same level. The Chinese economy maintaining
a mid-to-high growth of rate. This is a fundamental
that has not changed, because we are equipped
with several conditions. First of all, our people’s
income are still at a middle income period. When countries are developing,
this is a period where there will be further development. At present, our per capita GDP
only stands at $700-$800 U.S. dollars, and that is very much
behind the United States. There is big room for
ascendency and for increase. And we are now doing what we
call as the full reforms or the full processes, which
is in formatization — a new type of
industrialization, urbanization, and the
agricultural modernization. Take the urbanization
as an example. Every year, it will
increase by 2 percent. Now our urbanization
ratio is 53 percent, and it is expected
to grow by 2 percent. And that is equivalent to
something like 10 million people moving from rural
areas to the urban areas. At the same time, we’re also
should not let the rural areas be backward. We need to develop
the rural areas. Through the Internet Plus
and other policies our industrialization and our
urbanization will have a frog-leap development. Now, the Chinese economy —
turning to a slower growth rate and turning it from a
speed-based growth to quality-based growth, and we are
moving from an export-driven and investment-driven economy
into an economy driven by expanded consumption
and domestic demand. We call this as a new normal
of the Chinese economy. And I’m confident that going
forward, China will surely, for all of us, for everybody,
provide a healthy growth that strengthens confidence. Thank you. And now I would like to remind
reporter from the People’s Daily of China to raise questions. The Press: Thank
you, President Xi. I have a question
— to seek guidance. Now, some people in America
believe that China’s growth might challenge the U.S. leading position in the world. My question for President Xi is,
what is your view on the current United States and
what is China’s U.S. policy? Thank you. President Xi: (As
interpreted.) Thank you. In my view, the U.S. in economic, in military,
has remarkable strength. And other countries in the
world are also developing. Still, the U.S. has un-compared
advantages and strengths. The Cold War has long ended. Today’s world has entered into
an era of economic globalization where countries are
interdependent upon each other. People should move
ahead with the times, and give up on the old
concepts of “you lose, I win” or “zero-sum game,”
and establish a new concept of peaceful development
and willing cooperation. If China develops well, it
will benefit the whole world and benefit
the United States. If the U.S. develops well,
it will also benefit the world and China. China’s policy towards the U.S. is consistent and transparent. As the world’s biggest
developing country and biggest developed countries, and as the
world’s two biggest economies, our two sides have broad and
common interests on world peace and human progress, and
shoulder important and common responsibilities, although
our two sides also have certain differences. But the common interests of
the two countries far outweigh those differences. It is also my sincere hope
that the two sides of China and the U.S. will proceed from
the fundamental interests of the two peoples and world people, make joint efforts to build a new model of
major-country relations between two countries, and realize
non-conflict, non-confrontation, mutual
respect and cooperation. That should serve as a
direction where both sides should strive
unswervingly. China is the current
international system’s builder, contributor, and
developer, and participant, and also beneficiary. We are willing to work with all
other countries to firmly defend the fruits of victory
of the Second World War, and the existing
international system, centered on the —
and at the same time, promote them to
developing a more just and equitable direction. China has raised the One
Belt One Road initiative and proposed to establish
the AIIB, et cetera. And all of their aims are to
expand mutual and beneficial cooperation with other countries
and realize common development. These initiatives are open,
transparent, inclusive. They are consistent in serving
the interests of the U.S. and other countries’ interest. And we will come — the U.S. and other parties — to
actively participate in them. Thank you.