The president made it clear that trade protectionism is contrary to the interests of both China and the United states and both sides should stick to open and fair principles on trade issue.

Bush noted that a strong and powerful US-China relationship accords with the national interests of both countries and he hoped bilateral relations move forward continuously.

US President George W. Bush (R) meets with Chinese Vice Premier Wang Qishan in the White House, June 18, 2008. (Xinhua Photo)

Wang said China highly appreciated Bush's long-time and important contributions to the development of constructive and cooperative relationship between the two nations.

He pointed out that the SED mechanism was jointly initiated by Bush and his Chinese counterpart  Hu Jintao and has received attention and support from both presidents.

Wang said China is willing to make joint efforts with the United States to facilitate the consensus reached by President Bush and President Hu, and to advance the SED process to a more fruitful future.

Bush said the Beijing Olympics is a great event that every Chinese is proud of and he is looking forward to attending the Olympics and sharing the pride with the Chinese people.

Wang strongly welcomed Bush's attendance at the Beijing Olympics.