China, US start strategic economic dialogue
Updated: 2006-12-14 11:04
China and the United States on Thursday morning
kicked off their first strategic economic dialogue, the latest sign
of bilateral efforts to boost their long-term relationship. Chinese Vice
Premier Wu Yi and the US Treasury Secretary Henry Paulson co-chaired the
dialogue as special representatives of President Hu Jintao and President George
"It is conducive to enhancing trust and dispelling suspicion to
strengthen the dialogue between China and the United States in the economic
field," Wu said at the beginning of the meeting.
She said the dialogue
will focus on the discussion of global, strategic and long-term macro-economic
issues of common concern.
In her key-note speech entitled "China's
Development Road" Thursday morning, Wu said, "I hope the dialogue will enable
you to have a relatively comprehensive and systemic perspective of China, a
better knowledge of our country, thus enhancing our mutual understanding and
Her speech elaborated on China's adherence to peaceful
development, industrialization, reform and opening up.
dialogue will be divided into several sessions of China's development path,
balanced development between urban and rural areas, sustainable development,
trade, investment, energy and environment issues.
The meetings are the
first under a twice-a-year strategic economic dialogue mechanism, which was
launched in the Chinese capital in September.
Wu and Paulson held a
15-minute closed-door session before they officially started the dialogue.
The Chinese delegation to the dialogue include more than 10 ministers of
finance, development and reform, science, labor, railways, communications,
health, environment, central bank and Chinese ambassador to the United States.
Among Paulson's delegation are US cabinet secretaries of commerce,
labor, energy and health and human services.
The high-profile delegation
also include Ben Bernanke, chairman of the US Federal Reserve Bank, who is
paying his first visit to China. The US Trade Representative Susan Schwab also
took part in the meetings.
President Hu and Premier Wen Jiabao will meet
with the US delegation Friday afternoon.
The dialogue is the highest-level
one among the existing China-US dialogue and consultation mechanisms.
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