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China, US kick off economic dialogue

www.chinanews.cn 2007-05-23 09:51:32

(Source: Xinhua)

Chinese Vice Premier Wu Yi (C), special envoy of Chinese President Hu
Jintao, delivers a speech during the opening of the second meeting of the
China-U.S. Strategic Economic Dialogue in Washington May 22, 2007. Wu Yi
and U.S. Treasury Secretary Henry Paulson, special envoy of US President
Bush, cochaired the meeting on Tuesday.

Chinese Vice Premier Wu Yi (R), special envoy of Chinese President Hu
Jintao, shakes hands with U.S. Treasury Secretary Henry Paulson, special
envoy of US President Bush, during the opening of the second meeting of
the China-U.S. Strategic Economic Dialogue in Washington May 22, 2007.

WASHINGTON, May 23 - 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."
"The SED is a forum to manage that relationship on a long-term strategic
basis, for our mutual benefit, and to work towards near-term agreements
that build confidence on both sides," said Paulson, also as special envoy
of U.S. President George W. Bush.
He said the U.S. was supportive of a stable and prosperous China and was
not afraid of Chinese competition despite trade disputes with the Asian
country.
"The purpose of this on-going dialogue is to have candid discussions and
find ways to ease, rather than increase, these tensions," said the
Treasure chief.
Chinese Vice Premier Wu Yi, who was also as the special envoy of Chinese
President Hu Jintao, said in her opening statement that the strengthening
of strategic mutual trust and building of constructive and cooperative
relations between China and the U.S. serves the fundamental interests of
the two peoples.
"Equal consultation, cooperation and win-win have become the overall
situation and defining nature of China-U.S. relations, both being
stakeholders and constructive partners," she said.
Wu also noted that she admits that the two countries still have obstacles
to remove and problems, so that both sides "need to accord each other
with mutual understanding and trust to resolve these problems and
overcome barriers through dialogue and consultation."
She warned that attempts to politicize economic and trade issues should
be resisted.
"Politicizing economic and trade issues is absolutely unacceptable, since
it is of no help but will make the situation more complicated, harm
bilateral economic and trade relations or even cause serious negative
impact on the progress of overall China-U.S. ties," said the Chinese
leader.
"We should not easily blame the other side for one's own domestic
problems, or even force one's own views by imposing pressure on and
confronting with the other," she said. "Against the ever deepened
economic globalization today, confrontation does no good at all to
problem solving, and pressure imposition can only make the situation more
complex."
This year is the 35th anniversary of former President Richard Nixon's
historic visit to China. Former Secretary of State Henry Kissinger told
the assembled delegates that now, as then, the peace of the world and the
progress of the world required close cooperation between the two peoples
of the United States and China.
"Our two countries can set a standard and a framework for the rest of the
globalized community," he said.
The second meeting of U.S.-China Strategic Economic Dialogue, co-chaired
by Wu and Paulson, was also attended by dozens of ministers from the two
countries.
China and the U.S. held their first strategic economic dialogue last
December. The dialogue mechanism has already become an important platform
for the two nations to discuss long-term strategic and economic issues.

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