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China says Geithner's visit "significant" for boosting Sino-U.S. trade, ties

(Xinhua)

08:49, January 12, 2012

BEIJING, Jan. 11 (Xinhua) -- Chinese leaders said on Wednesday that U.S. Treasury Secretary Timothy Geithner's China visit is significant for the stability and development of China-U.S. economic relations and the development of bilateral relations in 2012.

Premier Wen Jiabao said in a meeting with Geithner Wednesday afternoon that he is fully aware of the significance of this visit by Geithner as a special envoy of President Barack Obama.

Wen said China and the United States should develop a relationship of mutual respect, equality and mutual benefits.

Wen said under the complicated international economic situation, China and the United States should fully take care of each other's core interests and major concerns, enhance mutual trust, and properly handle differences."This is conducive to jointly addressing the challenges, promote common interests and ensure the Sino-U.S. relations to advance on the correct track," Wen said.

Wen said developing mutually beneficial Sino-U.S. economic relations is important to both countries and the whole world. He called on both countries to adopt concrete measures to push for wider, closer and balanced cooperation in the fields of trade, investment, infrastructure, high technologies as well as cooperation at local levels.

Geithner said both countries have cooperated closely in coping with the international crisis, adding the U.S. side expects to continuously enhance dialogues and exchanges, deepen mutual understanding and trust, so to seek cooperation in wider fields and effectively cope with difficulties and challenges.

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