Vice-President Xi Jinping said the Chinese economy will not experience a hard landing and expressed faith in US economic strength in a meeting with visiting US Vice-President Joseph Biden.
Taking a similar tone in talks with Biden later, Premier Wen Jiabao said he had 'full confidence' the US will 'get its economy back on the track of healthy growth'. Biden said China's US$1.2 trillion (HK$9.8 trillion) investment in US Treasury bonds was safe.
Both sides stressed the importance of co-operation to resuscitate world economic growth.
Speaking at a Sino-US business roundtable, Xi (pictured), who is expected to succeed Hu Jintao as Communist Party chief next year and as president in 2013, stressed the need to restore confidence in global markets.
'China's economy is not heading for a hard landing,' Xi said, according to Xinhua, adding that he was confident China was capable of maintaining stable growth.
'The US economy has always been highly resilient and has a strong capacity for self-repair,' the vice-president continued. 'Therefore, we believe the US economy will achieve even greater development as it deals with its challenges.'