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China-U.S. Cooperation Bears New Fruit
Cover Stories Series 2012> China-U.S. Cooperation Bears New Fruit
UPDATED: May 15, 2012 NO. 20 MAY 17, 2012
Achievements of S&ED
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Strategic Dialogue:

- Promoting high-level exchanges and communication;

- Maintaining bilateral dialogues and consultations on issues including security, human rights, arms control, non-proliferation, legislation, law enforcement and marine safety. The two sides agreed to hold a human rights dialogue in Washington in the coming summer;

- Enhancing communication and cooperation while coping with regional and global challenges, world events and hotspots;

- Boosting bilateral cooperation.

Economic Dialogue:

- Strengthening macroeconomic cooperation. China promised to continue its currency exchange rate reform. Meanwhile, the U.S. made commitments such as changing economic growth pattern, cutting off its financial deficit by at least $5 trillion within the next 10 years;

- Encouraging open trade and investment; China agreed to increase the amount of money that foreigners can invest in the domestic capital market. The United States undertook to promote exporting hi-tech products for civilian use to China, and be more active when dealing with Chinese enterprises' investment applications;

- Making joint efforts on international rule and global governance;

- Pushing forward stability and reforms of the financial market;

- Reinforcing bilateral economic relations under the framework of the China-U.S. Strategic and Economic Dialogue.

(Source: Xinhua News Agency)



 
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