Source: CCTV.com
05-25-2007 11:37
Special Report: 2nd meeting of SED
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Wu Yi gave a briefing about the just-concluded Strategic Economic Dialogue, which she described as a major decision made by President Hu Jintao and President Bush. She said the success of the two meetings since last December proved that China and the United States can increase understanding and mutual trust through frank dialogue.
"China and the United States should continue to enhance their communication and talks, and summarize the experiences so as to bring stable growth to bilateral economic relations and the overall relationship as well," says Wu Yi, Chinese Vice premier.
Bush gave his congratulations on the progress of the dialogue. He said the United States and China share common interests in a wide range of areas and have maintained good communication and cooperation on a number of key issues. Although the two countries do not agree on all issues, he said, it is important that there is necessary mechanism through which the two sides can discuss certain issues and achieve results. He said he paid a lot of attention to the dialogue and hopes the next round of meetings will yield more results.
On Thursday afternoon, following the White House meeting, the Assistant Minister of Finance Zhu Guangyao said China will pursue an independent course in the restructuring of the Chinese currency RMB.
"On the reform of the RMB exchange rate regime, I want to quote what Premier Wen has said during the annual meeting of the African development bank recently in Shanghai. He said that China would continue to deepen the reform of the RMB exchange regime," says Zhu Guangyao, assistant Minister of Finance.
Zhu also suggested that China will conduct the reform on an independent, controllable and gradual basis. And once China becomes a consumer-oriented society rather than a savings-focused society, the trade imbalance between the two countries is expected to diminish.
Editor:Chen Ge
