US President George W. Bush welcomed on Wednesday the creation
of the Strategic Economic Dialogue between the US and China and
said the forum will promote bilateral economic relations.
"(Chinese) President Hu and I agree on the importance of
maintaining strong and mutually beneficial US-China economic
relations, and on the need to establish an overarching bilateral
economic framework between our two countries. The Strategic
Economic Dialogue will help us achieve those objectives," Bush said
in a statement.
"The economies of the US and China have been engines of global
growth. We must ensure that citizens of both countries benefit
equitably from our growing economic relationship and that we work
together to address economic challenges and opportunities," the
statement said.
US Secretary of the Treasury Henry Paulson will chair the US
side of the dialogue, with support from Allan Hubbard, director of
US National Economic Council, the statement added.
Bush is now in New York to attend the general debate of the
annual UN General Assembly.
(Xinhua News Agency September 21, 2006)
