China, US launch strategic economic dialogue (Xinhua) Updated: 2006-09-22 14:09
The dialogue mechanism was established on the basis of a consensus
reached between the two presidents, Wu said.
"What the Chinese government is doing and the pace of change is remarkable,"
Paulson said. "This time I came here to encourage Chinese leaders to move
forward the reform of the capital market."
Depicting the dialogue mechanism as a "unique opportunity and great
initiative" that "reflects the 21st century global economy and redefines the
US-China economic relationship", Paulson said he would work with the Chinese
leadership to make this dialogue "practical", and strengthen the long-term
economic relationship between the two countries.
The dialogue will convene twice a year in Beijing and Washington, with the
first meeting to be held before the end of 2006.
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