Source: CCTV.com

06-11-2008 14:00

Special Report:   4th China-U.S. SED new

Before the Strategic Economic Dialogue due next week, U.S. Treasury Secretary Henry Paulson said on Tuesday in Washington that the U.S.-China economic relationship is growing in a positive direction through the discussions between the two countries.

Paulson described the bilateral economic relationship as  "complex, broad and important to both countries and to the world economy."(File photo)

Delivering a speech outlining the goals of the high-level economic talks the two countries will hold next week, Paulson described the bilateral economic relationship as "complex, broad and important to both countries and to the world economy."

The SED has brought progress faster and more broadly on issues important to the U.S. and global economy than would have been possible otherwise, Paulson said, noting it is important to resist calls for erecting protectionist barriers.

Henry Paulson said, "It is clear that our strategy for robust engagement with China, intensive dialogue but with resort to WTO dispute settlement and WTO-sanctioned trade remedies if needed, is more productive than protectionist policies or legislation."

On June 17-18, high-level delegations from China and the United States will meet in Annapolis, Maryland, north of Washington, for the fourth round of SED launched in December 2006.

The upcoming discussions will focus on five areas, managing financial and macroeconomic cycles; developing human capital; the benefits of trade and open markets; enhancing investment and advancing joint opportunities for cooperation in energy and the environment.

Paulson expressed his confidence that next week's meeting "will move the United States and China even further forward to a stronger economic future."

 

Editor:Yang Jie