Wang said it was his first talk with Paulson after taking office and as the special representative of President Hu Jintao, adding he is willing to have "an in-depth exchange of views" with Paulson, who is also special representative of US President George W. Bush.

Paulson said the two sides "have much to accomplish" and he looked forward to working with Wang to make progress as they move forward.

He told Wang that the US side opposed trade protectionism, and insisted on an open policy of foreign investment.

The US side expected to enhance mutual understanding and mutual trust with China via the fourth round of SED so as to make sure of the stable development of bilateral economic and overall ties, said Paulson.

He also briefed Wang on the economic situation in the United States.

Paulson, who arrived in Beijing earlier Wednesday morning for a two-day visit, is scheduled to meet President Hu, 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 and to meet with counterparts, new leaders, president and premier to talk about the SED.

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

(Xinhua News Agency April 2, 2008)