The Third China-U.S. Strategic Economic Dialogue (SED) which
concluded at noon Thursday was a "complete success", said Chinese
Vice Premier Wu Yi.
Wu made the remarks at a press conference following the
conclusion of the one-day-and-a-half closed-door meeting.
The discussions led to a number of results that strengthen and
deepen the bilateral economic relations, according to a joint fact
sheet distributed after the talk.
Agreements were reached in food safety and product quality,
balanced growth, environment and energy and investment, Wu said,
adding that this dialogue was "of strategic meaning, mutually
beneficial and is bound to exert important influence on future
business and trade ties between China and the U.S.".
Among the deals, China promised to allow qualified
foreign-invested companies, including banks, to issue RMB
denominated stocks, qualified listed companies to issue RMB
denominated corporate bonds, and qualified incorporated foreign
banks to issue RMB denominated financial bonds.
The U.S. government pledged to remain committed to applying
national treatment to Chinese banks, broker-dealers and investment
advisers, according to the joint fact sheet.
U.S. Treasury Secretary Henry Paulson, who co-chaired the talks
with Wu, said "the quality of our discussions has improved over the
last year, as we have come to know one another better."
He said both sides have had substantive, robust, and engaging
exchanges on a range of issues important to both nations including
the integrity of trade, balanced growth including financial
services, energy security and environmental sustainability, and
bilateral investment.
The fourth SED is scheduled to convene in Washington of the
United States in June next year, according to Wu.
(Xinhua News Agency December 13, 2007)
