Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Hu: China, US share responsibility for world economy
Adjust font size:

Chinese President Hu Jintao said in Beijing on Wednesday that China and the United States, as important members of the global economic system, had a shared responsibility to safeguard the health, stability and development of the world economy.

Chinese President Hu Jintao meets with Henry M. Paulson, special representative of US President George W. Bush and the US Treasury Secretary, at the Great Hall of People in Beijing, April 2, 2008.

Hu made the remarks during a meeting with visiting US Treasury Secretary Henry M. Paulson in the Great Hall of the People.

Hu spoke positively of the recent growth of Sino-American economic and trade cooperation and bilateral relations, noting that the development of these ties served both nations' interests and promoted world peace and prosperity.

"China will join hands with the United States to boost exchanges and communication, expand strategic mutual trust and appropriately handle sensitive issues in an effort to step up bilateral constructive and cooperative relations", Hu told Paulson, according to a press release from the Foreign Ministry after the meeting.

Hu also hailed the bilateral Strategic Economic Dialogue (SED) as "a success" and stressed that the three consecutive dialogues had already played an important role in promoting ties. He said that China attached great importance to bilateral consultative mechanisms such as the SED.

China would intensify communication and coordination with the US on macroeconomic policies, continuously lift the level of bilateral economic and trade cooperation and make joint efforts with the United States to maintain the growth of the world economy and the stability of the international financial system, Hu said.

Paulson, who came to China as a special envoy of US President George W. Bush, briefed Hu about the latest developments in the US economy and his views on US-China trade relations.

"The SED has made and is making progress", Paulson said, highlighting the view that sound growth of both economies would yield mutual benefit.

Growth of overall bilateral ties was important to both sides, Paulson said, and he expressed the hope that the two nations would push forward the SED and other aspects of bilateral relations.

Paulson, who arrived in Beijing earlier on Wednesday for a two-day visit, was also scheduled to meet Premier Wen Jiabao and other senior officials.

Prior to his visit, Paulson told reporters he intended to visit China because of the change of leadership after China's 11th National People's Congress session. He said that he would meet with his counterparts, new leaders, and the president and premier to talk about the SED.

Launched in September 2006, the SED, a biannual economic strategic dialogue, serves as a platform to discuss long-term, strategic and comprehensive issues in the bilateral trade relationship.

(Xihhua News Agency April 3, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Paulson starts two-day China visit
- US Treasury Secretary Paulson to visit China
- Paulson unveils financial overhaul plan
- Environmental issues to top Paulson's China visit
- Paulson: Dialogue with China 'instructive and constructive'
- Credit crises, weak employment, spending decline and exports slump influence US economy
- Sharp drop in jobs suggests US economy in recession
- China's Development Benefits US Economy
Most Viewed >>
- LNG tanker hailed as a milestone for China
- China is world's third largest motor producer in 2007
- Gov't plan to find oil, mineral reserves
- Price rises hitting home
- Inflation forecast to hit 8% in first quarter

April 11-13 Boao Forum for Asia

May 15-17 Shanghai Women's Forum Asia

Dec. 12-13 Beijing
China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?