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January 12, 2012

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Dialogue not confrontation, China tells Geithner

CHINESE leaders yesterday hailed US Treasury Secretary Timothy Geithner's China tour as "significant" for bilateral economic and trade ties, but urged the United States not to politicize trade issues amid the complex economic situation.

After recalling previous meetings with Geithner, who is in China as a special envoy of President Barack Obama, Premier Wen Jiabao called for dialogue rather than confrontation in bilateral ties.

"We always think that dialogue is better than confrontation, and cooperation is better than containment," Wen said at the start of a 70-minute meeting in Beijing.

He urged the two sides to take care of each other's core interests and major concerns, constantly enhance mutual trust and properly handle differences.

"This is conducive to jointly addressing the challenges, promoting common interests and ensuring the Sino-US relations advance on the correct track."

Vice President Xi Jinping, meeting with Geithner in the morning, said 2012 was a vital year for both China and the US.

"To maintain stable development of bilateral links is of vital importance to addressing complicated regional and global challenges and advancing the specific domestic agenda of the two countries," he said.

Xi urged the two sides to strengthen high-level contact, deepen dialogues, exchanges and cooperation in the areas of politics, trade, economy and culture and maintain communication and coordination on major regional and international affairs. The two sides should "enhance mutual trust and eliminate interruptions" so as to advance the development of a China-US relationship of mutual trust and mutual benefits, Xi said.

China is ready to expand economic and financial cooperation with the US, Xi told Geithner, who arrived in Beijing on Tuesday for a two-day visit.

The US expects to continuously enhance dialogues and exchanges, deepen mutual understanding and trust, so as to seek cooperation in wider fields and effectively cope with difficulties and challenges, Geithner said. "I look forward to expanding our exports to China and expanding cooperation on the great range of economic and strategic issues we face around the globe," he said.





 

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