Economy

China, US discuss bilateral ties, global economy

(Xinhua)
Updated: 2010-09-07 10:09

BEIJING - China will unswervingly promote the policy of reform and opening up, while creating sound environment for foreign companies operating in China, Vice Premier Wang Qishan told senior US officials Monday.

Wang exchanged views on China-US ties and economic and trade cooperation with Lawrence Summers, head of US President Barack Obama's National Economic Council, and Deputy National Security Adviser Tom Donilon, in a meeting in Beijing.

Wang said the two countries should bolster cooperation in areas such as economy and trade, investment, finance, new energy and infrastructure upgrading, as their economies are interdependent and complimentary to each other.

China is ready to work with the United States to well implement consensus reached by state leaders of the two countries, for sustainable, healthy and steady development of bilateral ties, he said.

Wang said the international community should enhance cooperation because the world economy, though on the way to recovery, still encounters twists and turns.

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He said China is focusing on the change of the growth pattern for more balanced development of the economy.

Summers and Donilon briefed Wang on the US economy and the Obama administration's measures to stimulate the economy and create jobs.

They stressed that the United States and China should strengthen coordination in macro policies and promote cooperation for a strong, balanced and sustainable growth of global economy.

Also on Monday, Li Yuanchao, member of the Political Bureau of the Communist Party of China (CPC) Central Committee, met with the two US officials.

Li, also head of the Organization Department of the CPC Central Committee, said the Sino-US ties had maintained a stable development since President Obama took office.

China would work with the United States to enhance dialogues and cooperation, while properly handling the differences, to push forward the bilateral ties, he said. Summers said the United States attached great importance to the US-Sino relations and firmly believed that the two countries had broad interests and faced with common challenges, including sustainable development of global economy, regional security and climate change.

He said the United States was committed to working with China for a positive, cooperative and comprehensive relationship in the 21st century.

Chinese Foreign Minister Yang Jiechi also met with Summers and Donilon on Monday. The two sides exchanged views on the future development of Sino-US relations and regional and international issues of common concern.