Opinion

China to strive for positive results from Sino-US dialogue

(Xinhua)
Updated: 2010-05-20 17:32

BEIJING - China will work with the United States for positive results from the second round of China-US strategic and economic dialogue, said Chinese Vice-Foreign Minister Cui Tiankai on Thursday at a news briefing.

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Chinese President Hu Jintao's special representatives, Vice-Premier Wang Qishan and State Councilor Dai Bingguo, will co-chair the meeting on May 24 and 25 with US President Barack Obama's special representatives, Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner.

About 50 representatives from more than 40 departments of both countries will participate in the dialogue, Cui told the briefing.

Cui said that in the strategic track dialogue, the two sides would discuss energy security, climate change, UN peace-keeping and anti-terrorism issues.

China hoped that through the dialogue, China and the US would enhance mutual understanding, strengthen strategic mutual trust as well as coordination and cooperation in the bilateral, regional and global dimensions, so as to promote the development of positive, cooperative and comprehensive China-US relations, he said.

China and the US would send a number of minister-level officials to attend talks on the economy, said Assistant Finance Minister Zhu Guangyao at the briefing.

He said the economic dialogue, a strategic meeting held against the unstable global economic situation, especially the challenges posed by the European sovereign debt crises, was of great significance to the sustainable and healthy development of China-US economic relations.

The economic dialogue, with the theme of ensuring a sustainably developing, mutually beneficial economic partnership of cooperation, would focus on four issues, Zhu said.

The first was promotion of a strong recovery of the global economy and a more sustainable and balanced economic growth, which included assessing the international developments, especially the impact of the European sovereign debt crises, the adoption of a sustainable fiscal policy, inflation and accelerating structural adjustment, he said.

The second was mutually beneficial trade and investment through construction of an open investment environment, free trade and opposing trade protectionism, Zhu said.

The third was stability and reform of financial markets. The two sides would exchange views on the progress of financial regulation reform and enhancing bilateral and multilateral coordination in the financial sector.

Fourth was reform of the international financial system. The two sides would assess the progress since the Group of 20 (G20) Pittsburgh Summit and discuss deepening bilateral cooperation on the reform of international financial institutions, which included changes to the IMF quota for emerging markets and developing countries.

Zhu said, that under the leadership of Chinese Vice-Premier Wang Qishan and US Treasury Secretary Timothy Geithner, both sides had fully prepared for the economic dialogue.

He believed the dialogue would further enhance mutual trust on the bilateral strategic economy, and promote appropriate resolutions of contradictions and differences.

The first round of China-US strategic and economic dialogue was held in Washington in July 2009.