Chinese Vice Premier Wu Yi (L) and US
Treasury Secretary Henry Paulson deliver statements at the conclusion of
the second meeting of the China-US Strategic Economic Dialogue in
Washington, capital of U.S., May 23, 2007. (Xinhua/Rao Aimin) Photo
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WASHINGTON, May 23 (Xinhua) -- China and the United
States on Wednesday concluded a key economic dialogue with a wide variety of
specific agreements.
In remarks prepared for the concluding of U.S.-China
Strategic Economic Dialogue, Chinese Vice Premier Wu Yi said the two countries
reached much consensus and realized positive results.
"With the great attention and joint efforts from both
sides, the second meeting of the strategic dialogue achieved great success,"
said Wu, also as the special envoy of Chinese President Hu Jintao.
"China-U.S. economic and trade relationship is one of
the most complicated in today's world," she said. "The SED provided an excellent
ground and opportunity for both sides to enhance the mutual understanding and
increased the mutual trust in the strategic issues."
Meanwhile, the Chinese leader warned against the
rising protectionism and threat in the United States.
"It calls for direct consultation and dialogue
between us, instead of easy resort to threat or sanctions," she said.
U.S. Treasury Secretary Henry Paulson said in his
concluding statement that the U.S. and China both understand that "getting the
economic relationship right is vital not only to our people, but to the world
economy."
Paulson, who co-chaired the Strategic Economic
Dialogue with Wu as special envoy of President George W. Bush, also noted two
countries reached a wide variety of agreements during the dialogue.
"We agree that it is vital to the prosperity of both
our nations, that China rebalance its economic growth, encourage consumption and
spread development more broadly among its people," he said.
Both countries also agreed that "strengthening and
deepening our two-way trading relationship will create jobs and give our
citizens a wider variety of choices and lower prices on goods," he added.
"We have built strong relationships since our
inaugural meeting in Beijing," said the Treasure chief, referring to the first
meeting of the Strategic Economic Dialogue in December, 2006. He emphasized that
the relationships between the two countries will "continue to grow stronger and
produce on-going returns."
In an aviation agreement reached on Wednesday, daily
passenger flights from the U.S. to China will double by 2012, and air cargo
companies will have virtually unlimited access to Chinese market by 2011.
The two countries also agreed to work together as
part of the WTO Doha negotiations to discuss reducing or eliminating tariff and
non-tariff barriers to environmental goods and services.
Moreover, the two countries will provide policy
incentives to promote the full commercialization of advanced coal technologies
and will advance commercial use of carbon capture and storage technologies.
On the front of the tourism industry, the two
countries agreed to launch negotiations to facilitate Chinese group leisure
travel to the U.S.
"Allowing tourism companies to arrange trips for
Chinese travelers to the United States is a significant step, given that one in
seven jobs in the United States is related to the tourism industry," said the
U.S. delegation in a statement.
WASHINGTON, May 22 (Xinhua) -- China and the United States
began a key economic dialogue on Tuesday in Washington, aiming to address
outstanding issues in bilateral economic and trade relations.
In remarks prepared for the opening of U.S.-China
Strategic Economic Dialogue, U.S. Treasury Secretary Henry Paulson said that an
open, honest economic relationship between the two countries is "pivotal to the
future of the global economy." Full story
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