China and US Agree on New Joint Trade Framework as President Xi Jinping Calls for AI Cooperation and Peaceful Coexistence
WASHINGTON D.C.: Chinese President Xi Jinping made a huge diplomatic move in the midst of the current bilateral summits, announcing that China and the USA have reached a fresh joint trade deal, calling it “positive news for the global economy.
President Xi, in his address at a high-level state dinner hosted by US President Donald Trump at the White House in his honor, emphasized that natural competition is a reality among the two economic powers, but that sincere communication and continual dialogue is the top priority.
Highlights of President Xi’s speech
Economic Openness: President Xi reiterated that the Chinese doors are always open to American companies, and expressed his hope that Chinese companies working in the United States would be treated fairly and equitably.
In a display of the realities of geopolitics, the Chinese leader pointed out that many of the issues facing the world today could not be resolved without close cooperation between Washington and Beijing, remarking that war would cause harm to both sides and that they can avoid falling into the “war trap”.
Cooperative Development of Artificial Intelligence: Preserving Human Supervision, Management and Joint Technical Research: President Xi called for joint stewardship and management of emerging technologies, asserted that Artificial Intelligence (AI) should be developed for the benefit of humanity and affirmed the need for human supervision and management of AI technologies, while urging for joint technological research between both countries.