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China, U.S. eye more concrete cooperation

Xinhua, June 7, 2016 Adjust font size:

Chinese and U.S. government officials have expressed hope for more concrete cooperation to benefit both countries and the rest of the world as a key bilateral high-level dialogue opened on Monday.

China and the United States are striving to build a "new type of major power relationship" in accordance with the consensus reached by their leaders, Chinese Vice Premier Liu Yandong told the joint opening ceremony of the eighth China-U.S. Strategic and Economic Dialogue (S&ED) and the seventh China-U.S. High-Level Consultation on People-to-People Exchange (CPE) in Beijing.

The S&ED is being co-chaired by Chinese Vice Premier Wang Yang and State Councilor Yang Jiechi, with U.S. Secretary of State John Kerry and Treasury Secretary Jacob Lew on Monday and Tuesday. Liu Yandong is co-chairing the CPE with Kerry.

Liu said she expected the two parties to establish more platforms for people-to-people exchanges on education, science, culture, health and other fields so as to root belief in mutual respect and benefit deeply in the mind of the Chinese and American people.

China looks forward to communication with the United States over issues on macroeconomic policies, a bilateral investment treaty, global economic governance, finance, climate change and province-to-state cooperation, said Wang Yang.

Yang Jiechi expressed the hope that the two countries will respect each other's core interests and major concerns while properly handling sensitive issues.

The two countries should also enhance joint actions to address global issues and deliver more public goods, he said.

The age of globalization requires the two countries to enhance exchanges to contribute to peace and prosperity, according to Kerry.

Jacob Lew echoed Kerry's idea and said the world's two largest economies' economic policies mean much not only to China and the United States but also to the whole world.

He said discussion over economic, financial, fiscal policies and global financial governance is expected to lend sustainable and strong growth momentum to China, the United States and the rest of the world. Endi