Chinese vice premier meets U.S. lawmakers

09:18, May 12, 2011      

Email | Print | Subscribe | Comments | Forum 

Chinese Vice Premier Wang Qishan met Tuesday and Wednesday in Washington with 20 lawmakers in the U. S. House of Representatives including Dave Camp, chairman of the Ways and Means Committee, Congressmen Charles Boustany and Rick Larsen who co-chair the U.S.-China Working Group in the lower chamber.

Wang, together with Chinese State Councilor Dai Bingguo, U.S. Secretary of State Hillary Clinton and Secretary of Treasury Timothy Geithner, co-chaired the third round of China-U.S. Strategic and Economic Dialogue (S&ED), which concluded Tuesday.

Wang told U.S. lawmakers that during the two-day dialogue, China and the U.S. delegations made earnest efforts to implement the consensus reached by Chinese President Hu Jintao and U.S. President Barack Obama in January during Hu's state visit to the U. S. and yielded substantial results.

The two sides signed the U.S.-China Comprehensive Framework for Promoting Strong, Sustainable and Balanced Growth and Economic Cooperation, which will greatly advance the development of China-U. S. economic partnership based on mutual benefit, he noted.

The framework, regarded as one of the most important outcomes of this high-level dialogue, aims at promoting strong, sustainable and balanced growth, as well as strengthening macroeconomic-policy communication and coordination between the world's two largest economies.

Wang said that with the expansion and deepening of China-U.S. economic ties, it's nothing unusual that clashes occur during their cooperation. The two countries should enhance communication and understanding to avoid politicizing economic issues.

The vice premier noted that more and more American enterprises are making investment in China in recent years with increasing profits. Likewise, Chinese enterprises are expanding their investment in the U.S..

The fact bears it out that investment environment in China continues to improve, and economic cooperation between China and the U.S. benefits both countries, he said.

Wang told the lawmakers that the Chinese government unswervingly continues its opening-up policy and creates favorable environment for foreign enterprises, including those of the U.S., to invest in China.

He stressed that China does not pursue trade surpluses against the U.S., and is willing to import more American products. At the same time, Washington should relax high-tech exports control towards China, a move that is to benefit both sides, he added.

Lawmakers present at the meeting called the third S&ED a success. They recognized that U.S.-China relationship is very important given the significant influence the two countries have over the world.

Lawmakers said they hope the two countries, through the mechanism of the S&ED, to strengthen communication and coordination, work together to solve problems in their economic cooperation, and further advance U.S.-China economic relationship.

Source: Xinhua
BRICS Leaders Meeting 2011
Japan in aftershocks
  Weekly review  
May 05   Fight against terrorism should strike at roots
April 29   'Human rights overriding sovereignty' only a mask of hegemony
May 04   Human rights dialogues need mutual understanding
May 03   Highlights of China's sixth national census results
May 07   The week in pictures
May 03   Expats seeking opportunities in China
May 04   Some Chinese colleges face decreasing enrollment, struggle to survive
May 05   French leader: China's peaceful rise puts world at ease
April 29   Ten most valuable cultural relics displayed at Xi'an exposition park
May 03   US kills Bin Laden, ending 10-year manhunt


  • Do you have anything to say?


Special Coverage
  • Al-Qaeda Chief Osama bin Laden dead
  • BRICS Leaders' Meeting 2011
Major headlines
Editor's Pick
  • Severe drought continues in Hunan Province
  • Bird's-eye view of post-quake buildings in Sichuan
  • Ronaldo hat-trick keeps Barca waiting for title
  • Wolong panda center recovers from quake
  • 64th Cannes Film Festival: Cannes Classics
  • Gala event held to mark 3rd anniversary of Wenchuan earthquake
Hot Forum Dicussion