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Wang Yang: China-US Economic Dialogue Benefits Enterprises and People in Both Countries

2015/06/24

On June 23 local time, the opening ceremony of economic track meetings under the framework of the 7th round of China-US Strategic and Economic Dialogue (S&ED) was held in Washington D.C. Vice Premier Wang Yang, Special Representative of President Xi Jinping, and Treasury Secretary Jacob Lew of the US, Special Representative of President Barack Obama, attended and addressed the opening ceremony respectively.

Wang Yang noted that economic cooperation serves as "ballast" and "promoter" of China-US relations, and the economic dialogue is an indispensable platform for China-US economic cooperation. The China-US economic track meetings held each year release positive signals to the market and create more business opportunities for the enterprises, benefiting the enterprises and people in both countries.

Wang Yang pointed out that it is normal to have differences in the bilateral economic exchanges. Consultations are needed to resolve these differences, and that is why both nations should establish the dialogue mechanism. Dialogues have not only boosted bilateral economic cooperation but also created conditions for further cooperation. Through the dialogue mechanism, both sides have managed their differences and prevented the differences in economy from impacting the big picture of bilateral economic cooperation. Both sides need to improve the dialogue mechanism in order to increase the efficiency and effectiveness of the economic talks.

Jacob Lew noted that US-China Strategic and Economic Dialogue has enhanced the mutual understanding and deepened practical cooperation between the US and China. At present, China is pressing forward with deepening of comprehensive reform, whose progress will exert an important influence in the US and world economy. The US and China should deepen dialogue channels and make new efforts for the development of the two nations and promotion of global economic growth.

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