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Hu Jintao Meets with U.S. Treasury Secretary Paulson

2008-04-02

Hu Jintao meets with U.S. Treasury Secretary Henry M. Paulson

On the afternoon of April 2, 2008, Chinese President Hu Jintao met with visiting U.S. Treasury Secretary Henry M. Paulson, who is also a special representative of U.S. President George W. Bush, in the Great Hall of the People.

Hu spoke positively of the recent growth of Sino-American economic and trade cooperation and bilateral relations, noting that the development of these ties served common interests of both nations and played a vital role in promoting world peace and prosperity. "China will join hands with the United States to boost exchanges and communication, expand strategic mutual trust, expand pragmatic cooperation and appropriately handle sensitive issues based on mutual respect, equality, mutual benefits and win-win cooperation, in an effort to step up bilateral constructive and cooperative relations", Hu told Paulson.

Hu hailed the bilateral Strategic Economic Dialogue (SED) as "a success" and stressed that the three consecutive dialogues had already played an important role in promoting Sino-U.S. economic and trade cooperation as well as bilateral ties. He said that China attached great importance to bilateral consultative mechanisms such as the SED. China and the United States, as important members of the global economic system, had a shared responsibility to safeguard the health, stability and development of the world economy. China would intensify communication and coordination with the U.S. on macroeconomic policies, continuously lift the level of bilateral economic and trade cooperation and make joint efforts with the United States to maintain the growth of the world economy and the stability of the international financial system, Hu said.

Paulson briefed Hu about the latest developments in the U.S. economy and his views on U.S.-China trade relations. Hailing the SED jointly launched by the two heads of state as a success, Paulson said the SED is making progress and sound growth of both economies would yield mutual benefit. Growth of overall bilateral ties was important to both sides, Paulson said, expressing the hope that the two nations would push forward the SED and other aspects of bilateral relations.

Vice-Premier Wang Qishan, Foreign Minister Yang Jiechi, Minister of Finance Xie Xuren and other officials attended the meeting.

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