Susan Rice, national security adviser to President Barack Obama, has outlined the economic, cyber and other items in the efforts to sustain bilateral relations between the U.S. and China.Rice said in prepared remarks Monday at George Washington University that the U.S. continues to urge China to adopt market reforms and halt state-sponsored cyber espionage.
Economic reforms that eliminate barriers to trade and competitive currency devaluation, protect intellectual property rights and open the market equally to investors will help bolster China’s domestic consumer potential and encourage innovation, Rice added.
“[As] the world’s second largest economy, China’s actions reverberate through the global financial markets — as we saw recently with China’s stock market,” she said.
She also noted that the country’s actions on cyber-enabled economic espionage both impact U.S. national security and compromise long-term economic cooperation between the two countries.
Rice said the U.S. also reiterated its stand on regional stability and the use of diplomacy to resolve the territorial disputes in the East and South China Seas.
