On June 7, 2023, Chinese Ambassador to the United States Xie Feng delivered a keynote speech at the welcome event hosted by the U.S.-China Business Council. He emphasized that stabilizing China-U.S. relations is compatible with upholding national interests; and trade and economic cooperation can reinforce the pursuit of common development.

Ambassador Xie said that China and the U.S. have a lot to offer to each other in terms of industrial strength. Such cooperation has lowered the costs for American households and brought profits to American companies. According to USCBC report, U.S. Exports to China 2023, over one million American jobs were created by such exports.  For KFC, China is its biggest market; for Estée Lauder, its second biggest market; and for Starbucks, China is home to over 6,200 of its stores. In the recent five years, the return rate of FDI in China reached 9.1 percent; of the over 70,000 American companies doing business in China, nearly 90 percent are earning profits.

Ambassador Xie said that over 50 years ago, Chinese and American leaders put to an end the 22-year mutual estrangement, in a spirit of finding common interests between countries with different social systems. They brought about good results for our two countries as well as the world. Today’s China-U.S. relationship bears on not only the well-being of the 1.7 billion Chinese and American people, but also the world’s future. By forestalling conflict and confrontation and upholding a stable China-U.S. relationship, one is promoting the common interests for both countries and contributing to world peace and prosperity.