|Yang Jiechi Meets with U.S. Secretary of Treasury Geithner|
On the afternoon of March 11, local time, visiting Chinese Foreign Minister Yang Jiechi met with U.S. Secretary of Treasury Timothy Geithner in Washington.
Yang said in the face of the world’s major pressing problems, China and the Untied States share more extensive common interests and a broader basis for cooperation, adding that the China-U.S. relationship is of greater strategic and global significance. Yang said the establishment of the mechanism of China-U.S. Strategic and Economic Dialogue was very important to enhancing mutual trust and cooperation. He added that the Chinese side was willing to work with the U.S. side to help launch the mechanism at an early date.
As the global financial storm continues to deepen and spread, Yang said, China and the United States should act in reflection of the fact that the two countries are in one boat, work together to safeguard the global financial stability, promote the healthy growth of world economy, and join hands in transforming the crisis into a new opportunity to further tap the potential of mutual cooperation. The more difficult the situation is, the more resolute China and the United States will be in sticking to an open and win-win economic policy, Yang said. The Chinese minister said China and the United States should accommodate each other's interests and join hands in fighting trade protectionism.
Geithner said the U.S. side attached great importance to its relations with China. In the backdrop of the current global crisis, he stressed, U.S.-China cooperation is essential to the confidence of the international community and to an early recovery of the world economy. The secretary said that the U.S. side looked forward to increasing coordination in macro-economic policies and cooperation in economic and financial fields with the Chinese side through the proposed mechanism of Strategic and Economic Dialogue. Echoing Yang's opposition to protectionism, Geithner said the U.S. side was willing to handle properly issues that have surfaced in bilateral trade.
Yang and Geithner also briefed each other on their domestic policies designed to stimulate economy and exchanged views on issues relating to the Group of 20 summit scheduled for early April in London and reforms widely expected in international financial institutions. Both sides agreed to continue communication and coordination in this regard.
On the same day, Yang Jiechi also attended a reception hosted by the U.S. Chamber of Commerce. Yang briefed the participants from the U.S. business community on China’s measures to tackle the global financial crisis and exchanged views with them on enhancing China-U.S. economic and trade cooperation and other issues.