BEIJING - China's leaders on Friday expressed confidence in the fundamentals of the US economy and its prospects as the two countries reaffirmed their commitment to a strong and enduring relationship. In the opening remarks of a roundtable discussion with US and Chinese political and business leaders earlier in the day, Vice-President Xi Jinping said China views the US economy as "highly resilient, and it has a strong capacity to repair itself. We believe that the US economy will achieve even better development as it rises to its challenges." He said China would seek a "proactive fiscal and monetary policy" to manage growth and rein in inflation. "We are confident that we are able to maintain steady and fast economic growth," Xi said. "There will never be a so-called hard landing for the Chinese economy." Xi also urged the US side to lift its restriction on the export of high-tech products to China and take substantive measures at an early date in offering a fair environment for Chinese enterprises to invest in the United States. During the discussion, US Vice-President Joe Biden said his country welcomed more Chinese direct investment. Biden also hinted at an announcement of $1 billion worth of commercial deals between companies in the two countries during his visit to China. No details were available by press time. During their respective meetings with Biden, both President Hu Jintao and Premier Wen Jiabao said China will unswervingly push forward mutually beneficial economic cooperation with the US to enhance market confidence and stabilize the international financial system. Wen said he is "fully confident" that the US economy could overcome difficulties and return to a track of healthy growth as it possesses advanced science and technology, high-quality talent and a strong economic foundation. "It is important that you've sent a very clear message to the Chinese public that the US will keep its word and obligations with regard to its government debt, that is, to preserve the integrity of its public debt, including its safety, liquidity and inflation-resistance," Wen told his guest. China is the largest foreign holder of US debt. Biden said the US will ensure the safety of its debt not only for China. Our goal is always to try and create our own individual style so depending on your preferences you may want to buck the trends altogether, but it is always helpful to know what the latest trends are so that you can choose whether you want to incorporate them into your own personal wardrobe. It is always good to have at least one
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