07/24/2009 Source: People’s Daily

China and the US will discuss bilateral relations, international and regional issues, and global issues at the first strategic and economic dialogue between the two countries, said Chinese Vice Foreign Minister He Yafei.

“China hopes the strategic dialogue will help the two countries expand consensus, narrow down differences, deepen mutual trust and boost cooperation,” said He.

He added that thanks to both sides’ efforts, China-US relationship has kept its upward trend since the US President Barack Obama took office. The two countries cooperated smoothly in tackling with the global financial crisis. New achievements are made in various fields including trade, anti-terrorism, law enforcement, science, education, culture and health. China and US have worked together on regional issues such as Korean Peninsula nuclear crisis, South Asia situation and Iran nuclear issue. They have also had effective cooperation in global issues such as energy safety and climate change.

The first China-US strategic and economic dialogue is held under a background of on-going financial crisis and an unclear world economic outlook, said Zhu Guangyao, assistant Finance Minister. The theme for this dialogue is “Gather confidence for economic recovery and promote China-US economic cooperation.”

Topics to be discussed at the economic dialogue include Sino-U.S. cooperation on major economic issues, how to weather the financial crisis and achieve economic recovery, sustainable economic growth and balanced growth, building a strong financial system and, trade and investment.

He expects that this dialogue will improve the macro economic policies communication and coordination between China and the US, promote a sustainable and balanced economic growth, deepen bilateral trade and investment cooperation, strengthen cooperation in financial regulation and the reform of global financial system and create win-win economic ties between the two countries, Zhu said.

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