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Briefing on Achievements of the 8th Round of China-US Strategic and Economic Dialogues and the 7th Round of China-US High-Level Consultation on People-to-People Exchange

2016/06/08

On June 7, 2016, Vice Minister of Foreign Affairs Zheng Zeguang, Vice Minister of Finance Zhu Guangyao and Vice Minister of Education Hao Ping held a briefing for Chinese and foreign media, introducing relevant details and achievements of the 8th round of China-US Strategic and Economic Dialogues and the 7th round of China-US High-Level Consultation on People-to-People Exchange respectively.

The three ministerial officials pointed out that during this round of China-US Strategic and Economic Dialogues and High-Level Consultation on People-to-People Exchange, President Xi Jinping attended the joint opening ceremony and delivered an important speech, setting the tone and charting the course for the dialogue and the consultation. President Xi Jinping and Premier Li Keqiang met respectively with major members of the US delegation, elaborating comprehensively on China's principles and stance on developing China-US relations. The dialogue and the consultation touched on extensive topics with candid, in-depth and constructive discussions, yielding fruitful achievements.

Zheng Zeguang said that during the strategic dialogue, centering on implementing the spirit of the meeting between President Xi Jinping and President Barack Obama in Washington D.C. in late March this year, State Councilor Yang Jiechi and Secretary of State John Kerry of the US exchanged in-depth views on important topics such as promoting the construction of the new model of China-US major-country relationship, deepening bilateral practical cooperation, managing and controlling differences and sensitive issues, properly dealing with China-US interactions in the Asia-Pacific region, and strengthening bilateral communication and cooperation in international, regional and global issues. During the dialogue, 120 specific outcomes were achieved, covering various fields at bilateral, regional and global levels. The two sides fully recognized the positive achievements in China-US relations since the meeting between the two heads of state at the Annenberg Estate, and agreed to continue implementing the important consensus reached by the two heads of state, enhancing communication, focusing on cooperation and appropriately coping with differences, so as to continue pushing for new progress in the construction of the new model of China-US major country relationship. The two sides agreed to work closely together and with all parties for more positive results at the G20 Hangzhou Summit to be held in September, and ensure that the meeting between the two heads of state a full success. Both sides agreed to deepen bilateral cooperation in climate change, energy, environmental protection and other aspects, push for constant development of bilateral military relations, and expand dialogues and cooperation in extensive fields such as counter-terrorism, cyberspace, judicature and law enforcement, anti-corruption, fugitive repatriation and asset recovery, customs, public health, aviation, marine conservation, development cooperation and peacekeeping. The two sides exchanged candid opinions on how to constructively settle disagreement and sensitive issues. China reiterated its principle and stance on issues related to Taiwan, Tibet, and human rights. China values the repeated reiteration of the US in its stance of sticking to the One-China policy, observing the three China-US Joint Communiqués and opposing "Taiwan independence". China hopes that the US will live up to its promises and support the peaceful development of the cross-Strait relations with practical actions. As for the South China Sea issue, China emphasized that islands of the South China Sea have been China's territory since ancient times, and China has the right to protect its own territorial sovereignty and its legitimate maritime rights. Disputes over the South China Sea territory and maritime rights should be settled peacefully by parties directly concerned via negotiations and consultations. China's position of not accepting or participating in the arbitration case initiated by the Philippines is adopted according to international law including the United Nations Convention on the Law of the Sea (UNCLOS) and will never change. China hopes that the US side will stick to its promise of taking no position on disputes related to territory and play a constructive role in maintaining peace and stability in the South China Sea. China and the US support the comprehensive and effective implementation of the Declaration on the Conduct of Parties in the South China Sea and the acceleration of consultations on the Code of Conduct in the South China Sea. The two sides agreed to strengthen communication on Asia-Pacific affairs and deepen coordination under the framework of regional multilateral mechanism so as to play a greater role in promoting peace, stability and prosperity in the Asia-Pacific region. The two sides are willing to maintain close communication, coordination and cooperation on issues such as the Korean Peninsula nuclear issue, the Iranian nuclear issue, the Iraqi issue, the Syrian issue, and the Afghan issue. The achievements above further reflect the depth and breadth of the development of China-US relations, and fully demonstrate that China-US cooperation can benefit both countries and the whole world.

Zhu Guangyao said that Vice Premier Wang Yang delivered a comprehensive introduction and authoritative interpretation on the outcomes of this round of China-US economic dialogue at the closing ceremony and press conference this afternoon. As one of the participants of this round of dialogue, I would like to share my opinions in four aspects. First, both sides always adhered to one principal line - the full implementation of the important consensus reached by President Xi Jinping and President Barack Obama during their meeting in Washington D.C. in late March this year. Both sides agreed to exchange negative lists in the new round of China-US Bilateral Investment Treaty (BIT) in mid-June, and to strive for a BIT featuring mutual benefit and win-win results at an early date. Both sides identified the objective to promote cooperation of RMB settlement and trade in the US, to which end China will provide the US with a quota of 250 billion yuan for qualified foreign investors. Both sides carried out in-depth exchanges and communication on respective national macro-economic policies, global economic situation, as well as risks and challenges. Second, both sides always highlighted one key point - the preparations in terms of fiscal and financial policies for the G20 Hangzhou Summit to be held in September this year. Both sides fully recognized their consensus including that G20 member states should make integrated utilization of monetary, fiscal and structural reform policies to avoid competitive currency devaluation, and enhance communications on exchange rate market policies. Both sides will continue to implement and promote such consensus. Third, both sides always upheld one policy point - confronting the tough issue of excessive production capacity in the iron and steel industry. Both countries maintain that major economies should work together to cope with this global issue caused by the current slow growth, sluggish recovery and insufficient demand of world economy. Fourth, both sides achieved an outcome that is not included in the outcome documents. That is, both sides maintain that the China-US economic dialogue has yielded remarkable results and gave full play to the role as "ballast" and "propeller" of China-US economic relations for the bilateral relations. With great vitality, China-US economic dialogue should be carried forward in the future.

Hao Ping introduced the 7th round of China-US High-Level Consultation on People-to-People Exchange and supporting activities. He stated that this round of consultation has obtained full success, with 12 cooperation agreements signed and 158 results of cooperation yielded between the two sides, covering seven areas including education, science and technology, culture, public health, sports, women and youth. During the consultation, both sides held 17 diversified supporting activities including China-US University Think Tank Forum and China-US Universities Astronomy Collaboration Summit, reflecting the dynamism and increasingly extensive social impacts of China-US people-to-people exchanges. Vice Premier Liu Yandong and Secretary of State John Kerry of the US co-chaired the plenary session, visited the best work exhibition of China-US Young Maker Competition, and had warm interactions with young students. Both sides spoke highly of the positive outcomes achieved by the mechanism of China-US High-Level Consultation on People-to-People Exchange over the past six years and its important role in deepening the friendship and mutual trust between the two peoples. He said that in accordance with the important consensus reached by the two heads of state, both sides will well implement the consultation outcomes, continue to expand and deepen people-to-people exchanges between the two counties, and make more contributions to the sustained, healthy and stable development of China-US relations.

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