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Xi urges 'greater balance' in US-China trade
February 15, 2012

US President Barack Obama (R) and Chinese Vice President Xi Jinping US President Barack Obama (R) and Chinese Vice President Xi Jinping
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Chinese Vice President Xi Jinping on Tuesday called for "greater balance" in trade and investment between the United States and China, addressing US concerns on the issue.

"We should tap our cooperation potential, create more bright spots in our cooperation and strive for greater balance in trade and investment between the two countries," Xi said after talks with US President Barack Obama.

"We should address each other's economic and trade concerns through dialogue and consultation, not protectionism, and uphold the mutually beneficial pattern of China-US economic relations and trade," Xi said.

He was speaking during a State Department lunch with US Secretary of State Hillary Clinton and Vice President Joe Biden.

China's trade surplus with the United States is a sensitive issue as US lawmakers accuse Beijing of keeping the value of its currency unfairly low to fuel inexpensive exports that have turned China into a manufacturing giant.

US officials and business leaders have in the past called for China and other countries to increase their investments in the United States as a means to create US jobs.

AFP