China & US work together for economic recovery

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Chinese Vice Premier Wang Qishan (6th L, Front), State Councilor  Dai Bingguo (5th L, Front), U.S. Secretary of State Hillary Clinton  (5th R, Front), U.S. Treasury Secretary Timothy Geithner (4th R,  Front) and other officials pose for a group photograph before 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)

Chinese assistant finance minister Zhu Guangyao says China and the United States have agreed to continue their efforts to deal with the economic crisis.

The official says the two countries agreed there were some signs of recovery in the international economy and financial markets. But they also cautioned that the economic foundations were far from sound. Both countries concluded that they should not slack any of their efforts, and must do more to boost the global economic recovery. Zhu said Chinese measures to address the global financial crisis were paying off, with some positive changes in the Chinese economy. He said China will continue its proactive fiscal policy and moderately relaxed monetary policy to consolidate achievements.