Obama stresses significance of China-US S&ED

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The China-US Strategic and Economic Dialogue continued in Washington DC on Tuesday. At the opening session on Monday, US President Barack Obama stressed the significance of the Dialogue.

Enhancing cooperation and deepening ties. They're the key words of the China-US Strategic and Economic Dialogue.

Addressing the opening ceremony, US President Barack Obama said the dialogue is an essential step forward in advancing a positive and comprehensive bilateral relationship. Obama said he and his Chinese counterpart, Hu Jintao, are committed to a sustained dialogue to enhance shared interests.

US President Barack Obama said, "The relationship between the United States and China will shape the 21st century, which makes it as important as any bilateral relationship in the world. That really must underpin our partnership. That is the responsibility that together we bear."

U.S. President Barack Obama (C) delivers a speech while Chinese  Vice Premier Wang Qishan (2nd L), State Councilor Dai Bingguo  (1st L), U.S. Secretary of State Hillary Clinton (2nd R) and U.S.  Treasury Secretary Timothy Geithner (1st R) listen during the  opening ceremony of the China-U.S. Strategic and Economic Dialogue  (S&ED) in Washington, the United States, July 27, 2009. The China- U.S. Strategic and Economic Dialogue (S&ED), the first of its kind  between the world's biggest developing country and biggest developed  country, opened here on Monday. (Xinhua/Zhang Yan)

Also at the opening ceremony, Chinese Vice Premier Wang Qishan said China and the US will make further efforts to tackle the international financial crisis.

Vice Premier Wang Qishan said, "The current world economy is in an important period of recovery. The Chinese government's efforts to deal with the financial crisis have had some success. Both Chinese and US economies have showed signs of recovery."

The two-day dialogue is focusing on the challenges and opportunities that both countries are facing. These include a wide range of bilateral, regional and global areas of immediate and long-term strategic and economic interest.