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China, U.S. Start 1st Strategic Economic Dialogue

2006-12-14

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 (R front) meets the U.S. Treasury Secretary Henry Paulson in Beijing, Dec. 14, 2006, on the first strategic economic dialogue between China and the U.S.(Xinhua Photo)

    BEIJING, Dec. 14 (Xinhua) -- 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 U.S. Treasury Secretary Henry Paulson co-chaired the dialogue as special representatives of President Hu Jintao and President George W. Bush.

    "The dialogue is a significant event in China-U.S. trade relationship. 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 would focus on the discussion of "global, strategic and long-term" macro-economic issues of common concern.

    The United States would like to forge mutually beneficial trade ties with China as China has integrated into the global economic system, Paulson was quoted as saying in a statement released by the Chinese Foreign Ministry.

    Paulson hailed the dialogue as a platform for the two countries to cope with strategic issues in economic relationship, the statement said.

    The two-day dialogue focused on "China's development road and economic development strategy," the statement said.

    The meetings are the first under a twice-a-year strategic economic dialogue mechanism, which was launched in the Chinese capital in September.

    The Chinese and U.S. officials will have extensive and in-depth discussions on a wide range of topics, including balanced development between urban and rural areas, sustainable development, trade, investment, energy and environment issues.

    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 trust."

    Her speech elaborated on China's adherence to peaceful development, industrialization, reform and opening up.

    The two-day dialogue will be divided into several sessions of

 

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 (R) shakes hands with the U.S. Treasury Secretary Henry Paulson in Beijing, Dec. 14, 2006. (Xinhua Photo)

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 U.S. cabinet secretaries of commerce, labor, energy and health and human services.

    The high-profile delegation also include Ben Bernanke, chairman of the U.S. Federal Reserve Bank, who is paying his first visit to China. The U.S. Trade Representative Susan Schwab also took part in the meetings.

    President Hu and Premier Wen Jiabao will meet with the U.S. delegation Friday afternoon.

    The dialogue is the highest-level one among the existing China-U.S. dialogue and consultation mechanisms.

 

Wu Yi: China will adhere to peaceful development

    BEIJING, Dec. 14 (Xinhua) -- Chinese Vice Premier Wu Yi reiterated here Thursday China will adhere to the path of peaceful development.

    "The choice by the Chinese people to follow a peaceful path to development is a wise decision based on China's traditional culture, painful history and her tremendous achievements at the current stage," said Wu in a keynote speech at the first China-U.S. Strategic Economic Dialogue that opened earlier Thursday.

    She said China is an ancient civilization boasting 5,000 years' history with the tradition of seeking mutual complementarities, accommodation and integration with foreign cultures.

    "In China's history of interactions with the outside world, she has consistently focused on the practice of befriending her neighbors while pursuing harmony out of a respect for differences," said Wu.

    "Such a cultural heritage has decided that today's China will inevitably choose peaceful development to sustain the continuity of history as well as to align herself into the currents of peace and development in the global context," said Wu.

    She recalled the history from the Opium War and the First Sino-Japanese War after the 1840s, China's War on Foreign Invaders 1900 to the Japanese War of Aggression against China in 1930s, saying China was subject to the butchering of the then strong powers in the West and East and their extremely barbarian economic depredation.

    "This, coupled with feudal corruption and years of successive civil strife and chaos, led to the loss of China's sovereignty and the horrendous suffering of her people, her national strength failing and people barely surviving," said Wu.

    "Such a historic experience has shaped the psychology of the Chinese people in our quest for peace and hope for stability, consolidating our belief in following a path to peaceful development," Wu added.

    She said after the founding of new China in 1949, the Chinese people have made arduous explorations in the course of development and starting from 1978, China has embarked on a new journey of transforming from a planned to a market economy, from cloistered up to opening up, from exclusive self-sustaining to integration into globalization.

    "By following a path of building socialism with Chinese characteristics in an independent and self-reliant manner, we have scored glorious achievements that attracted worldwide attention," said Wu.

    "Practice has amply demonstrated that it is right to adhere to a path of peaceful development, as it conforms to both China's reality and the trend of the times. China will unswervingly march onward alongside this path to peaceful development," said Wu.

    The two-day dialogue, the highest-level one among the existing China-U.S. dialogue and consultation mechanisms, is aimed at examining long-term strategic issues in bilateral trade.

    Wu said she hoped this dialogue enable the U.S. side to have a relatively comprehensive and systemic perspective of China, a better knowledge of the country, thus enhancing mutual understanding and trust.

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