Analysts: 2nd China-US SED lays firm foundation for future ties

Source: CCTV.com | 05-25-2007 10:51

Analysts have described as successful the latest round of the China-US Strategic Economic Dialogue. They say the talks have laid a solid foundation for the smooth development of bilateral economic and comprehensive ties.

The second round of the Strategic Economic Dialogue has drawn close attention from around the world. Experts from both sides said that the talks were successful and constructive.

Gao Zhikai, director China Nat'l Association of Int'l Studies, said, "I think this round of SED has proven that the dialogue mechanism is a good one, that it is very constructive. It helps both countries to clarify situations, to seek long term structural solutions to some of the problems. Also, it has delivered short-term results, in aviation, in market access,etc. So, I think it's a very important step forward for the future rounds of SED."

Economic tensions between the two countries loomed in recent years on issues like the trade imbalance, China's currency policy and IPR protection. No specific agreement was reached regarding these issues during the dialogue. Experts say the dialogue is a long-term mechanism and that with wisdom and patience from both sides, solutions can be found.

James M. Zimmerman, chairman American Chamber of Commerce, China, said, "One thing and a key thing we all have to remember is that it is a dialogue, an ongoing discussion, continuous discussions to develop a framework for moving forward with reform that will be beneficial to both countries."

Experts from both sides believe that, as the two most important economies in the world, China and the US can not avoid having trade disputes and economic problems. But as long as the two sides adopt a positive attitude and are willing to address confrontations through talks, sustained mutually-beneficial and constructive ties can be achieved.

The third round of the SED will be held this December in Beijing.

Chinese Vice Premier Wu Yi has described the "China-U.S. economic and trade relationship as one of the most complicated in today's world. Although many of the stickiest tension points may take more than a few rounds of talks to resolve, both sides believe that the dialogue mechanism will be a unique opportunity for building even closer cooperation.

Editor:Du Xiaodan