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Vice Premier urges proper settlement of China-US economic, trade disputes


09:54, December 10, 2011

Chinese Vice Premier Li Keqiang (R) meets with Henry Paulson, former Treasury Secretary of the United States, in Beijing, capital of China, Dec. 9, 2011. (Xinhua/Li Tao)

BEIJING, Dec. 9 (Xinhua) -- Vice Premier Li Keqiang on Friday urged the United States and China to properly handle problems and differences via equal negotiations in order to bolster trade and economic ties.

Li made the remarks during a meeting with former U.S. Treasury Secretary Henry Paulson in Beijing. He also urged the U.S. to take concrete steps to remove unreasonable restrictions in the economic and trade sphere.

China will, in the complicated context of world economy, implement its economic and social development plan for the coming five years, stimulate domestic demand, especially consumption, while furthering its opening-up process to fuel economic growth, he said.

"As major countries with great influence, China and the United States will benefit from long-term, sound and stable bilateral ties, which will also benefit the world at large," he said.

Both countries are also bearing greater responsibilities as the global situation is changing dramatically, Li said.

He proposed the two sides properly steer the development of bilateral ties and join to build a mutually beneficial cooperative partnership based on mutual respect.

Paulson pledged to further contribute to bilateral relations.

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elee at 2011-12-10183.39.47.*
Either it opens up or to have trades reduced considerably over a longer term. UK and Germany as individual nations (*sideline EU as a whole for now*) may need more trades and investments with China"s needs to diverse. ASEAN is another neighbouring venue excellent for biz with China. US"s hi-tech may NOT be so hi-tech to China as time moves on; and its thirst may be quenched soon ... !

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