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Chinese, U.S. officials discuss economic issues over phone

(Xinhua)

14:54, October 18, 2011

BEIJING, Oct. 18 (Xinhua) -- Chinese Vice Premier Wang Qishan and U.S. Secretary of Treasury Timothy Geithner had a phone conversation Tuesday on bilateral economic ties and the global economic and financial situation.

The discussions took place ahead of the Group of 20 (G20)'s November summit in Cannes, France.

China and the United States both attach great importance to their economic ties.

During a meeting with visiting U.S. Vice President Joe Biden on Aug. 19, Chinese Premier Wen Jiabao said the importance of the Sino-U.S. economic relationship was not just bilateral in scope as it had global implications.

Meanwhile, saying that the U.S.-China relationship was of utmost significance to both countries and the world at large, Biden reaffirmed the U.S. commitment to promoting the development of bilateral ties on all fronts and to expanding mutually beneficial cooperation with China in all sectors.

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