China, US set up economic dialogue

时间：2006-09-22 02:07:34

（单词翻译:单击）


U.S. Treasury1 Secretary Henry Paulson meets Chinese Vice2 Premier3 Wu Yi at the Great Hall of the People in Beijing September 20, 2006.
 
Sept. 21 - High-ranking Chinese and US officials will meet twice a year for wide-ranging discussions on their economic relationship, the first such mechanism4 between the two nations.

 

The establishment of the China-US Strategic Economic Dialogue was jointly5 announced by Vice-Premier Wu Yi and visiting US Treasury Secretary Henry Paulson in Beijing.

 

President Hu Jintao and his US counterpart George W. Bush agreed last month to establish such a dialogue.

 

"Given the rapid pace of economic globalization and growing bilateral7 economic relations, the establishment of the talks will have a positive impact on world economic development as well as global economic stability and security," Wu told a press conference.

 

The dialogue will focus on bilateral and global strategic economic issues of common interest and concern; and both sides intend to meet twice a year in alternate capitals, according to a joint6 statement.

 

Wu, one of the highest-ranking officials in charge of economic policy, and Paulson, a former head of investment bank Goldman Sachs with extensive knowledge of China, are the representatives of the two presidents in the new dialogue.

 

Wu urged the two sides not to politicize trade issues and look for solutions through talks and negotiations8.

 

Paulson said the US administration has given priority to US-China ties in its foreign policy and is looking forward to enhance dialogue and co-operation in a series of major issues.

 

In a sign of the importance attached to the dialogue, Paulson is scheduled to meet President Hu and Premier Wen Jiabao tomorrow before concluding his 4-day visit.

 

Addressing a press conference at the US Embassy last night, Paulson said that the Chinese economic structure needs a change.

 

"The Chinese economy has been moving on remarkably9 and quickly," said Paulson. "What other countries take a year to accomplish, it only takes six months in China.

 

"But it needs a transition from an economy based on low-cost labour and low value-added products to to a complex economy. And I believe that will happen."

 

He urged the country to open its capital market to overseas firms and banks, saying that a global economic review has proved that a country with a healthy capital market is essential to ensure successful economic development.

 

Paulson also said that flexibility10 in the exchange rate of the yuan is essential to the reform of the capital market.

 

The perfect outcome, Paulson said, is for the renminbi to "become fully11 convertible12" but added that he didn't expect it in the near future.

 

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1 treasury 7GeyP     
n.宝库；国库，金库；文库
参考例句：
  • The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
  • This book is a treasury of useful information.这本书是有价值的信息宝库。
2 vice NU0zQ     
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
3 premier R19z3     
adj.首要的；n.总理，首相
参考例句：
  • The Irish Premier is paying an official visit to Britain.爱尔兰总理正在对英国进行正式访问。
  • He requested that the premier grant him an internview.他要求那位总理接见他一次。
4 mechanism zCWxr     
n.机械装置；机构，结构
参考例句：
  • The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
  • The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。
5 jointly jp9zvS     
ad.联合地，共同地
参考例句：
  • Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
  • She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。
6 joint m3lx4     
adj.联合的，共同的；n.关节，接合处；v.连接，贴合
参考例句：
  • I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
  • We wrote a letter in joint names.我们联名写了封信。
7 bilateral dQGyW     
adj.双方的，两边的，两侧的
参考例句：
  • They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
  • There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题，两位政治家各自所持的看法差距甚大。
8 negotiations af4b5f3e98e178dd3c4bac64b625ecd0     
协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过
参考例句：
  • negotiations for a durable peace 为持久和平而进行的谈判
  • Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。
9 remarkably EkPzTW     
ad.不同寻常地，相当地
参考例句：
  • I thought she was remarkably restrained in the circumstances. 我认为她在那种情况下非常克制。
  • He made a remarkably swift recovery. 他康复得相当快。
10 flexibility vjPxb     
n.柔韧性，弹性，（光的）折射性，灵活性
参考例句：
  • Her great strength lies in her flexibility.她的优势在于她灵活变通。
  • The flexibility of a man's muscles will lessen as he becomes old.人老了肌肉的柔韧性将降低。
11 fully Gfuzd     
adv.完全地，全部地，彻底地；充分地
参考例句：
  • The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
  • They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。
12 convertible aZUyK     
adj.可改变的，可交换，同意义的；n.有活动摺篷的汽车
参考例句：
  • The convertible sofa means that the apartment can sleep four.有了这张折叠沙发，公寓里可以睡下4个人。
  • That new white convertible is totally awesome.那辆新的白色折篷汽车简直棒极了。

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