China, US agree on first round of strategic and Economic Dialogue

Experts say the message from Geithner is that the United States used to accuse China of changing its mode of engagement, and that all issues between the two countries will be negotiated. US Treasury Secretary Timothy Geithner's 3-day trip to China fell late yesterday. Mr Geithner's visit to China has been widely watched by both sides as a result of previous comments on the so-called "currency manipulation" of the renminbi. However, Geithner did not make any "shocking" remarks in public.　　Whether it's a speech to Beijing University, a high-level meeting in China, or an interview with the Chinese academic community, Geithner's arguments are all the same, passionate and rigorous. The emphasis is on the good. Yesterday, President Hu Jintao met with Mr. Geithner, saying the China-US strategic and Economic Dialogue mechanism is an important platform for deepening mutual understanding, trust and cooperation between the two countries.　　At present, the two sides have reached a consensus on the first round of talks in the United States in late July this year.　　Premier Wen Jiabao said during a meeting with Geithner that the two sides should continue to deal with China-US relations from a strategic and long-term perspective, give full play to the role of China-US strategic and Economic dialogue, continuously consolidate and expand the basis of common interests, and earnestly respect and take care of each other's core interests. In talks with Chinese leaders, Mr Geithner also conveyed President Obama's promise that the US side would like to develop stronger partnerships with China. "The US side looks forward to a positive outcome of the US-China Strategic and Economic Dialogue to be held in Washington and is ready to engage in strategic, forward-looking and long-term dialogue with China on major issues of common concern." Geithner also said there are many common interests between the US and China.　　On the basis of mutual respect, the United States is willing to establish strong cooperative relations with China to jointly deal with the international financial crisis, promote the recovery of world economic growth and reform the international financial system. Li Yang, director of the Academy of Social Sciences, who interviewed Mr Geithner yesterday, told the Daily Economic news: "The most central task of Mr Geithner's trip, and the most important, is to make it good for China."　　"In a" informal "interview with senior Chinese economists and Geithner, led by the Ford Foundation, Mr Geithner said the U.S. government was willing to engage in higher levels and more frequent contacts with China. Li Yang that the direct effect of the good is to actively promote the July Sino-US Strategic and economic dialogue.　　The global financial turmoil triggered by the US, and the Fed's overly accommodative monetary policy, have made the US less hawkish than it used to be. One sign of Geithner's message is that the United States used to accuse China of changing its mode of engagement. All future issues will be included in the scope of the consultations. "Looking for a new partnership," said the experts, who spoke about "taking care of each other's core interests" when he met with Mr. Geithner. At present, in the eyes of the financial turmoil in the United States, the core interest is to pass through the crisis as soon as possible, into a steady recovery channel.　　Therefore, the Sino-US Strategic and Economic Dialogue in July will be the content of negotiations, the Geithner came to China to discuss the main points. Sino-US Strategic and economic"In the midst of the financial crisis, there are many issues that need to be faced together, such as a new framework for building a global financial system," said Sun Zhe, a consultant expert. But he also stressed that there are many differences between China and the US. "China would like to talk about financial security, the U.S. technology export, the U.S. long-term fiscal deficit, and the U.S. trade protection issues." Sun Zhe said, "But the United States is more interested in attracting Chinese capital to invest in the United States, as well as Chinese purchases of U.S. Treasury bonds, appreciation of the renminbi, intellectual property rights." "Li Yang said:" The new and old problems are met. For example, exchange rates, trade and other topics, the United States Government will always be on the tip of the tongue. But in the current economic context, how much effect can be achieved is hard to predict. "The more desirable basis for cooperation and the expected initial results, focus on issues such as new energy, environmental protection and climate change." "The dialogue, China and the United States have the hope to reach a long-term framework for cooperation on environmental issues."　　"Sun Zhe said. In addition, a detailed issue has also become Mr Geithner's visit to China's main issue of negotiations. "The timing of the strategic and Economic dialogue is only two days in the US arrangement," he said. The first day on international political issues, the next day on Sino-US economic cooperation. "While our country hopes to achieve more substantive results, we hope to extend the dialogue time," Sun Zhe said. Sun Zhe also said that Geithner's trip to China was not to hammer out a specific problem immediately, "he will bring the Chinese voice back to the US so that the US can prepare for the dialogue." ”