Economic relationship with China vital to US prosperity: Paulson
12/12/2006 16:14
US Treasury Secretary Henry M. Paulson said yesterday that US-China
economic relationship is vital to US future prosperity.
"Managing our
economic relationship with China to ensure both nations benefit is vital to our
nation's future prosperity," Paulson said in his article published yesterday by
The Washington Post.
"A market-based economy in China, with sustainable
economic growth and full participation in rules-based international trade, is in
our best interest -- and in the interest of the Chinese people," he said.
The
US-China economic relationship epitomizes both the opportunities and challenges
of globalization, he said in the article titled "A Broad Dialogue With
China."
The secretary said that this week a delegation made up of US cabinet
secretaries, agency directors and Federal Reserve Chairman Ben Bernanke, will
participate in the first meeting of the Strategic Economic Dialogue between the
two countries.
"My colleagues and I will meet with Chinese leaders in Beijing
for discussions in three areas: maintaining sustainable growth without large
trade imbalances; continuing to open markets to trade, competition and
investment; and improving energy security and the environment," he
said.
Paulson said that the United States and China "each have a vision of
how our relationship will evolve, and in many respects our visions are
similar."
"We both want strong commercial ties that produce benefits for
workers and consumers in America and China. We both want China to grow in a way
that is sustainable economically and environmentally and that contributes to
global prosperity," he said.
"By engaging Chinese leaders with an eye to
producing long-term benefits for our two nations, we can build a productive and
prosperous partnership for the 21st century," said
Paulson.
Xinhua
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