Home breadcru News breadcru Association/Org breadcru Secretary Paulson remarks on US-China Economic Relations

Secretary Paulson remarks on US-China Economic Relations

06 Dec '07
3 min read

These innovations have helped keep the U.S.-China economic relationship on an even keel and helped us manage difficult issues, even in times of tension. Because we have a framework for senior-level dialogue, we can – and do – pick up the phone and we talk. We work towards solutions, which can only be reached when there are mutual benefits.

The SED meeting next week in Beijing will focus on five areas. They are: integrity of trade and product safety; balanced economic development, including financial sector reform; energy efficiency and security; environmental sustainability; and bilateral investment.

The meeting comes at a delicate time, as a new group of leaders move into China's most senior positions. We look forward to working with the Chinese leadership team to ensure that the SED process continues to be an effective mechanism for promoting our shared interests and responsibilities. We will also thank our retiring colleague, Madame Wu Yi, who is an extraordinary representative of her country.

Through economic dialogue, we have achieved concrete and significant results, including a civil aviation agreement, greater market access in the financial services sector, expansion of U.S. exports, and enhanced energy security and environmental protection. We would not have accomplished what we have without the specific framework of a focused and strategic economic dialogue, and we can accomplish more.

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U.S. Department of the Treasury

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