JOINT EFFORTS ON TRADE, CLIMATE CHANGE AND CYBER SECURITY
The two leader agreed to maintain coordination and cooperation under the frameworks like the Group of 20, the Asia Pacific Economic Cooperation (APEC) forum, improve global economic governance, and jointly promote the strong, sustainable and balanced growth of global economy.
They vowed to exert the functions of existing mechanisms such as the China-U.S. Strategic and Economic Dialogue, China-U.S. Joint Commission on Commerce and Trade, and the China-U.S. Governors Forum to enhance policy coordination and pragmatic cooperation, said Yang.
Both sides hailed the recently-held 9th round of negotiations on a bilateral investment accord and agreed to create fair, transparent and stable policy frameworks for mutual investment. The Chinese side hopes that Washington will provide a fair environment for Chinese enterprises investing in the United States. They also agreed to expand trade and economic ties at local levels.
On trade frictions, both leaders agreed that dialogue and cooperation should serve as the way to handle such issues.
Yang also said the two leaders also agreed to work closely to address climate change and reduce the production and consumption of hydrofluorocarbons (HFCs).
The two sides agreed to bolster coordination and pragmatic cooperation on climate change via the bilateral working group on the issue, Yang said.
They also vowed to work with other nations via multilateral mechanisms, including using expertise and institutions of the Montreal Protocol, to gradually reduce the production and consumption of HFCs and continue to include HFCs within the boundary of the related emission reports and calculation clauses of the Kyoto Protocol and the UN Framework Convention on Climate Change.
According to Yang, during the summit, the Chinese side said that China opposes hacker or cyber attack in all forms, and is itself a victim.
China and the United States face common challenges when it comes to the issue of cyber security, which should be a new highlight of bilateral cooperation instead of a source of suspicion and friction.
The two countries have agreed to strengthen dialogue, coordination and cooperation through the already-established cyber working group.
Both sides also pledged to help promote the establishment of a fair, democratic and transparent global internet management mechanism mainly through the United Nations so as to build a peaceful, secure, open and cooperative cyberspace, said Yang.
The two leaders have also exchanged views on issues of intellectual property rights protection and human rights, Yang said.
The Chinese side said the Chinese government attaches great importance to the protection of intellectual property rights, and will make greater efforts to improve relevant laws and strengthen law enforcement.
During the summit, the Chinese side said the RMB yuan exchange rate is approaching the equilibrium segment, and Beijing will continue to pursue reform of the RMB exchange rate formation mechanism.
The Chinese side also pointed out that the RMB exchange rate is not the cause of the China-U.S. trade imbalance.
Feedback
RSS
