Hu Jintao: RMB Internationalization Needs A Long Historical Process.

On the eve of a state visit to the United States, the president of the state

Hu Jintao pointed out that China and the United States both play an important role in international affairs and shoulder important responsibilities in safeguarding world peace and promoting common development.

Under the new situation, the two countries have more common interests and wider fields of cooperation.

Whether in promoting Asia Pacific Cooperation or in improving global economic governance and promoting sustainable economic growth in the world, no matter in expanding cooperation in the field of economic and trade cooperation, or in strengthening new energy, clean energy, infrastructure construction, aerospace and other new fields of cooperation, there is great potential for mutually beneficial cooperation in dealing with natural disasters, food security and major infectious diseases in the field of combating terrorism, preventing the proliferation of weapons of mass destruction, and in dealing with natural disasters, food security and major infectious diseases.

Hu Jintao stressed that China and the United States have both advantages and disadvantages.

The two sides should start from the fundamental interests of the two peoples, proceed from the overall situation of world peace and development, eliminate interference, respond to challenges, and work together to push forward bilateral relations.

The most important thing is to strengthen dialogue and communication and enhance strategic mutual trust. The two is to discard the cold war thinking of "zero sum" and objectively and rationally view each other's development, respect each other's choice of development path, persist in mutual benefit and win-win development, and jointly develop; three, we must respect each other's sovereignty, territorial integrity and development interests, properly handle each other's major concerns; four, we must continuously expand the interests of the two countries, so that China and the United States can become partners in a broader field.

Hu Jintao pointed out that there is no denying that there are still some differences and sensitive issues between China and the United States.

The two sides should firmly grasp the general direction of bilateral relations, strengthen exchanges, enhance mutual trust, seek common ground while reserving differences, properly handle differences and sensitive issues, and jointly promote long-term healthy and stable development of Sino US relations.

In answer to the role of the US dollar and

Hu Jintao pointed out that a country's currency needs to be a widely accepted currency internationally, and it needs a long-term process.

China has made important contributions to the world economy in terms of total economic volume and total trade volume. The RMB has played a certain role in the development of the world economy, but if we want to realize the internationalization of RMB, it will take a long historical process.

The pilot of RMB settlement for cross-border trade and investment in China is a concrete measure taken to cope with the international financial crisis, with the aim of facilitating trade and investment facilitation.

The rapid growth of cross-border RMB settlement indicates that this measure has met market demand.

Hu Jintao pointed out that at present, the rise of China's general price level shows obvious structural rise characteristics, but on the whole, it is still in a moderate controllable range. The total supply of the society is basically balanced with the total demand, which has a relatively strong material foundation for ensuring the market supply and stabilizing the total price level.

We are fully confident, qualified and capable of maintaining a basically stable price level.