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Wen, Obama discuss major economic issues
Source: Xinhua |
November 20, 2011, Sunday
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Print Edition
Print Edition
PREMIER Wen Jiabao yesterday urged the United States to ease restrictions on the export of high-tech products to China and provide a fair competitive environment for Chinese companies in America when he met US President Barack Obama on the sidelines of the East Asia Summit in Bali, Indonesia.
He also proposed increasing China's imports from the United States and deepening bilateral cooperation in high-end manufacturing, new energy, medicine and public health, energy conservation, environmental protection, high technology and infrastructure development.
Wen said China has continued to reform the Chinese yuan exchange rate mechanism, with obvious success, based on the market principle.
China was paying close attention to the yuan's exchange rate and would steadily advance reforms and increase flexibility of the currency, he added.
Obama said US-China relations were one of the most important relationships for both the United States and China, and also for the world.
Meanwhile, Wen yesterday proposed negotiations into the establishment of a free trade area between China, Japan and South Korea start next year during a meeting involving leaders of the three countries.
He also suggested enhancing trilateral cooperation in the fields of transportation, finance and environmental protection, among many others.
Wen, Japanese Prime Minister Yoshihiko Noda and South Korean President Lee Myung-bak met yesterday during a series of meetings between Southeast Asian leaders.
They exchanged views on trilateral cooperation and regional and international issues of common concern.
The Japanese prime minister and the South Korean president said the three sides should continue to deepen exchanges and cooperation in various fields including trade, finance, investment, disaster relief and tourism.
He also proposed increasing China's imports from the United States and deepening bilateral cooperation in high-end manufacturing, new energy, medicine and public health, energy conservation, environmental protection, high technology and infrastructure development.
Wen said China has continued to reform the Chinese yuan exchange rate mechanism, with obvious success, based on the market principle.
China was paying close attention to the yuan's exchange rate and would steadily advance reforms and increase flexibility of the currency, he added.
Obama said US-China relations were one of the most important relationships for both the United States and China, and also for the world.
Meanwhile, Wen yesterday proposed negotiations into the establishment of a free trade area between China, Japan and South Korea start next year during a meeting involving leaders of the three countries.
He also suggested enhancing trilateral cooperation in the fields of transportation, finance and environmental protection, among many others.
Wen, Japanese Prime Minister Yoshihiko Noda and South Korean President Lee Myung-bak met yesterday during a series of meetings between Southeast Asian leaders.
They exchanged views on trilateral cooperation and regional and international issues of common concern.
The Japanese prime minister and the South Korean president said the three sides should continue to deepen exchanges and cooperation in various fields including trade, finance, investment, disaster relief and tourism.
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