China and the United States are facing the best opportunity on
economic and trade cooperation as the two countries have furthered
constructive and cooperative relations and created favorable
conditions for cooperation in all fields, Chinese Vice Premier Wu
Yi said?in Beijing?Tuesday.
She spoke at a banquet to celebrate the birth of China-US
Business Dialogue. Wu said that China and the United States have a
complementary economic structure, and the obstacles that hindered
Sino-US economic and trade relations had been removed after China
entered the World Trade Organization.
"Sino-US economic and trade relations will develop in a more
stable, transparent and predictable way," said Wu.
She pointed out that trade friction and other issues would
appear as China and the United States further the economic and
trade cooperation, thus the two sides should take objective and
reasonable attitudes to promote dialogue, trust and
cooperation.
The China-US Business Dialogue, cosponsored by the China Council
for the Promotion of International Trade and the US Chamber of
Commerce, will focus on promoting the cooperation between the
business circles of the two countries. China and the United States
will rotate hosting of its annual meeting. Its first meeting
concluded in Beijing Tuesday.
Wu said the establishment of the China-US Business Dialogue
offers a platform for the business circles of the two countries,
and she believed that through this mechanism the two sides would
discuss trade and investment issues, do some research on economic
and trade policies, and give proposals for the governments of the
two countries.
Wan Jifei, president of the CCPIT, said that during the first
annual meeting of the China-US Business Dialogue, the two sides
exchanged views on trade balance and security and the cooperation
between China and the United States after China entered the WTO,
and reached consensus.
President and Chief Executive Officer of the US Chamber of
Commerce Thomas J. Donohue said that the United States and China
had reached common ground on trade liberalization and other issues,
which was important.
He expressed his willingness to strengthen cooperation between
the business circles of the two countries and promote economic and
trade relations between the United States and China.
He said that the US side is ready to work with China under the
principle of "seeking common ground while remaining different" to
build up a strategic trade and business relationship of mutual
benefit.
Over 300 officials and entrepreneurs from the two countries
attended the banquet.
(Xinhua News Agency October 15, 2003)?