5th China-US SED kicks off in Beijing

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Source: CCTV.com | 12-04-2008 13:32

More than 40 senior-level officials from China and US met, Thursday, for the fifth round of the Strategic Economic Dialogue.

Chinese Vice Premier Wang Qishan (2nd L Front) and U.S.  Treasury Secretary Henry Paulson (2nd R Front), both as  special representatives of the presidents of the two  countries, pose for photos before the opening ceremony of  the Fifth China-US Strategic Economic Dialogue in Beijing,  capital of China, Dec. 4, 2008.(Xinhua Photo)

Chinese Vice Premier, Wang Qishan, and US Treasury Secretary, Henry Paulson, are leading the delegations at the two-day gathering as they explore ways to solve the financial crisis and step up energy and environment cooperation.

A strategic economic dialogue held amidst global financial turmoil between the world's largest economy and the world's largest developing economy.

Chinese Vice Premier, Wang Qishan, says this round of talks have special significance. He says tackling the financial crisis together is the most pressing task facing both countries.

Chinese Vice Premier Wang Qishan said, "Since the financial crisis broke out, China has been taking an active part in international cooperation in a responsible manner, and has backed the US' efforts to stabilize the financial markets. Our top priorities are to implement the consensus reached at the G20 Summit on Financial Markets and the World Economy, restore confidence, curb the spread of the financial crisis and prevent a global economic recession. In particular, we should minimize the damage to developing countries by the crisis."