Off the wire
• Brazil's Supreme Court to take over investigation into former president Lula  • Canadian stocks flat over January GDP data  • Urgent: Chinese president calls for full implementation of UN resolutions on DPRK  • Urgent: Xi urges US to stick to one-China policy  • U.S., South Korea, Japan to deepen cooperation on DPRK nuclear issue  • Norway tightens rules for refugee protection  • Women's ice hockey worlds DIV I Group A standings  • Urgent: China won't accept any act detrimental to security interests under navigation-freedom pretext: Xi  • French team nets silver medal at ice hockey women's worlds DIV I Group A  • Chicago corn, wheat, soybeans mixed on USDA reports  
You are here: 　 Home

1st LD Writethru: No one should stimulate exports via competitive currency devaluation: Xi

Xinhua, April 1, 2016 Adjust font size:

Chinese President Xi Jinping on Thursday said no country should stimulate exports via competitive devaluation of its currency against the backdrop of sluggish world economic growth and global financial market turmoil.

He made the remarks while meeting with his U.S. counterpart Barack Obama here on the sidelines of the fourth Nuclear Security Summit.

Xi said that the world's two largest economies should strengthen coordination of their macroeconomic policies so as to jointly push for strong, sustainable and balanced growth of the world economy.

"China stands ready to work with the United States for the early completion of our talks on a bilateral investment treaty that will be mutually beneficial," the Chinese president said.

Statistics show that China became the biggest trading partner of the United States last year, with the trade volume at nearly 560 billion U.S. dollars. In 2015, China-U.S. bilateral trade, two-way investment stock and total number of personnel exchanges all hit record high. Endi