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China, US pledge closer cooperation
2012/01/12

China and the United States pledged on Tuesday to enhance their cooperation to advance the global economic recovery during US Treasury Secretary Timothy Geithner's visit to Beijing.

The global economic recovery must remain the priority for all nations as the world economic situation is still "very complex and grim," said Vice-Premier Wang Qishan as he held talks with Geithner, US President Barack Obama's special representative.

As important G20 members, China and the US should make joint efforts with the other members to ensure the success of the next summit and to support strong, sustainable and balanced global growth, he said. The next G20 summit is scheduled to be held in Los Cabos, Mexico, in June.

During the talks, Wang hailed the momentum of economic cooperation between the two nations over the past year.

At the beginning of last year, President Hu Jintao paid a state visit to the US, where Hu and Obama agreed to establish a partnership based on mutual respect and mutual benefit, setting the tone for China-US ties.

"The Chinese side is willing to work together with the US side to further cooperation in various fields including economy and trade, investment, finance and infrastructure, in order to spur the economy, increase jobs, and create more benefits for the people of the two nations," Wang said.

He urged the US to loosen export control of high-tech products to China and be cautious about the use of trade remedies, adding that he hopes that those Chinese enterprises that invest in the US will enjoy fair treatment there.

Geithner said that the smooth development of relations between the US and China is not only in the interests of the two nations, but also conducive to the recovery of the world economy.

The US is willing to make joint efforts with the Chinese side to step up communication and cooperation and deepen the comprehensive and mutually beneficial economic partnership between the two nations, he said.

Geithner arrived in Beijing on Tuesday for a two-day visit, during which Premier Wen Jiabao, Vice-President Xi Jinping and Vice-Premier Li Keqiang will also meet with him.

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