China, US hold annual high-level talks

Added On June 25, 2015

China and the United States opened their annual high-level talks in Washington on Tuesday.
The talks aim to deepen cooperation in strategic and economic issues and further promote people-to-people exchanges.
"As the world's two largest economies, China and the U.S. are becoming increasingly interdependent economically and are the indispensable pair to address regional and international issues. China and the U.S. started their annual high-level talks on Tuesday to discuss deepening cooperation on strategic and economic issues as well as people-to-people exchange. This year's S&ED and the CPE, which come at a time when there are a few hiccups in bilateral relations, are expected to pave the way for President Xi's state visit to the U.S. in September."
This year's dialogue is co-chaired by Chinese Vice Premier Wang Yang and State Councillor Yang Jiechi, special representatives of Chinese President Xi Jinping, and US Secretary of State John Kerry and Treasury Secretary Jacob Lew, on behalf of US President Barack Obama.
While the CPE is co-chaired by Chinese Vice Premier Liu Yandong, a special representative of Xi and Kerry.  
Speaking at the opening ceremony on Tuesday, U.S. Vice President Joe Biden stressed the importance of U.S.-China cooperation, saying the U.S. wants to see China's rise as it could be a significant asset for the region and the whole world.
"We do not fear China's rise. We want to see China rise, to continue to rise in a responsible way that will benefit you most, China, because you have an important role to play. A rising China can be a significant asset for the region and the world, and selfishly, for the United States."
With an eye to the differences between the two sides, Biden said the United States welcomes "healthy and fair competition" from China and believes that whenever possible, China should be included at the table of writing the rules.
"Now, we are aware--obviously, and both speakers have already referenced this--that we will not agree on all issues. No nations agree on every issue. But we do not accept that a narrowing of the differences is beyond our reach."
For China's part, China's Vice Premier, Liu Yandong, said given the complexity of today's global affairs, the domain where both countries should and can cooperate is vast. 
"As long as China and the U.S. respect and take into consideration each other's core interest, adhere to constructive means, and avoid strategic misunderstanding and misjudgment, difference between the two sides will be managed, and their common interests will be maintained."
Meanwhile, China's Vice Premier Wang Yang spoke out to praise the annual China-U.S. high-level talks, which have gained more than 170 achievements in the past decade, for injecting positive energy into the bilateral ties. 
US Treasury Secretary Lew seconded Wang's point, saying a mutually beneficial economic relationship is of great importance to people and economy from both sides.
"We have an enormous stake in each other's economic performance. As the world's two largest economies, a mutually beneficial economic relationship is of great importance not only to the prosperity of our own peoples but to the health and development of the global economy."
Meanwhile, State Councilor Yang Jiechi said China and the U.S. should stick to a path of pushing forward the cooperation, working together to maintain world peace and security, and helping every nation in the world with its development.
SOUNDBITE (CHINESE): YANG JIECHI, Chinese State Councilor 
"China and the United States, as the world' s biggest developing country and the biggest developed country, need to stand high and look far under the changing circumstances, stay committed to China-U.S. relations, and work together for world peace and development of all countries."  
This year's S&ED will cover a wide range of bilateral, regional and global issues of common concern.
Those topics include climate change, interaction in the Asia-Pacific region, managing differences and sensitive situations, the United Nations and multilateral affairs, science and innovation, green ports and ships, as well as fighting illegal trade in wildlife.
During the economic dialogue, officials will have in-depth discussions on macro-economic policy and restructuring, trade and investment promotion, and financial market stabilization and reform, including the exchange of "negative lists" on a mutual investment treaty, which outline sectors that are closed to foreign investment.
The CPE talks will focus on cooperation in education, science and technology, culture, health, sports, women and youth.

This year's S&ED and the CPE, which come at a time when there are a few hiccups in bilateral relations, are also expected to pave the way for Xi's successful state visit to the United States in September.