Chinese premier urges closer cooperation in maintaining financial market stability
25/9/2008 17:05
Chinese Premier Wen Jiabao yesterday called for joint international
efforts to maintain stability of the global financial market.
The rapid
development of China-US economic and trade ties has brought huge benefits to
both sides and also helped boost global economic growth, Wen said at a meeting
in New York with celebrities from the US economic and financial circles.
It
is of great importance that China and the United States strengthen dialogue and
cooperation and strive to promote mutual trust at a time when the world economy
faces a host of challenges, the Chinese premier said.
Wen said that China
hopes the US would recognize China's full market economy status and relax
controls on high-tech exports to China so as to solve the China-US trade
imbalance in a fundamental way.
China is ready to expand cooperation with the
US side in such fields as investment, energy, environmental protection and
climate change, and work together to combat any form of trade protectionism, he
said.
The US sub-prime loan crisis has triggered turmoil on the international
financial market and the US government and the financial circles have already
taken a series of measures to stabilize the domestic market, Wen said. He hoped
these measures would yield positive results soon.
China will make timely
adjustments to its policies in accordance with the changed economic situation,
in efforts to maintain stability of its macroeconomy and domestic financial
market, Wen said.
China is ready to enhance coordination and cooperation with
the US side and also hopes that countries the world over will unite as one in
tiding over the difficulties and work together to maintain stability of the
international financial market, Wen said.
During the discussion, participants
from the US business circles also called for closer international cooperation in
coping with the current crisis, adding that China is a stabilizing factor for
the global economy and financial system.
The stable and fairly fast growth in
China's economy constitutes an important contribution to the world and the
healthy development of China-US trade and economic ties conforms to the
interests of both countries and the whole world, they said.
The US and China
should enhance dialogue and coordination and expand cooperation, they said,
adding that US companies have confidence in the prospects of China's economic
development and are ready to continue to increase investments in
China.
Xinhua
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