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China,US reach sweeping consensus on economic, financial issues-Special
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08:52, August 06, 2009

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Full text: The First U.S.-China S&ED Economic Track Joint Fact Sheet
Following is the full text of a joint fact sheet after the first meeting of economic track under the First U.S.-China Strategic and Economic Dialogue held in Washington from July 27 to 28.

China to deepen financial system reform in support of domestic demand: statement
To meet the commitment, China would promote interest rate liberalization and consumer finance, said the economic track joint fact sheet of the first U.S.-China Strategic and Economic Dialogue (S&ED).

China to enhance service market access for non-government investment: statement
The move was aimed to expedite the development of its services industry and increase the share of services in Gross Domestic Product (GDP), said the economic track joint fact sheet of the first U.S.-China Strategic and Economic Dialogue (S&ED).

U.S. to work toward China's market economy status in expeditious manner: statement
The United States recognized the continued progress China had made in its market reforms and would "earnestly consider China's concerns," said the statement.

China, U.S. agree on reforming int'l financial bodies: statement
"Both countries agree to work together to reform international financial institutions in order to ensure they are responsive to the needs of developing countries, and strengthen their capacity to prevent and respond to future crises," said the U.S.-China Strategic and Economic Dialogue Economic Track Joint Fact Sheet.

China, U.S. to stage more inter-agency economic talks: statement
More inter-agency talks are aimed at "jointly addressing the challenges posed by the international financial crisis, promoting economic and financial stability in both countries, and advancing the development of bilateral economic relations," said the fact sheet.

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