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US-China strategic-economic dialogue set for July 27
Washington (AFP) July 13, 2009 Top US and Chinese leaders will meet for the first "strategic and economic dialogue" with the administration of President Barack Obama in Washington July 27-28, US officials said Monday. The dialogue "will focus on addressing the challenges and opportunities that both countries face on a wide range of bilateral, regional and global areas of immediate and long-term strategic and economic interests," according to a statement from the US Treasury and State Departments. "This first meeting of the dialogue will also set the stage for intensive, ongoing and future bilateral cooperative mechanisms." The meeting is the first in a series agreed by Obama and China's President Hu Jintao that replaces a "strategic economic dialogue" established by former president George W. Bush's administration and Beijing. US Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner will be joined by their respective Chinese co-chairs, State Councillor Dai Bingguo and Vice Premier Wang Qishan. Obama and Hu had announced in April the talks would be held in late July but had not announced specific dates. These talks aim to broaden the dialogue established by the Bush administration to a "cross-cutting structure that addresses the geopolitical nature of our mutual concerns in strategic and economic discussions," according to a Treasury statement. The structure of the talks "allows for a plenary session to discuss issues of cross-cutting strategic and economic importance, while maintaining distinct strategic and economic tracks," the statement added. Leaders plan for annual meetings in alternate capitals "to facilitate robust engagement and progress between dialogues through coordination with existing bilateral dialogues and working-level interactions." On the economic side, the talks are expected to address the massive US trade deficit with China and exchange rates, amid concern in the United States that Beijing is keeping the yuan artificially low to bolster its exports. Share This Article With Planet Earth
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China stimulus spurs growth and new problems: state mediaBeijing (AFP) July 13, 2009 Beijing's stimulus measures are showing results but have also led to new problems, including soaring bank loans, fears of rising inflation and slumping fiscal revenues, state media said Monday. Growth in the second quarter is likely to be close to eight percent, rising from 6.1 percent in the first three months of the year, the People's Daily said, citing an analysis by the National ... read more |
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