Exchange Database
China, U.S. highlight "constructive" management of differences
Chinese and U.S. officials agreed on "constructive" management of differences as the sixth Strategic and Economic Dialogue (S&ED) concluded in Beijing. "The success of this round of talks reaffirms that the two countries have the ability and wisdom to manage their contradictions and differences," Chinese Vice Premier Wang Yang, one of the two Chinese co-chairs of the dialogue, said at the closing session. Wang highlighted the economic dialogue that yielded over 90 items of agreement, laying the foundation for the meeting of the two presidents in November.
Outcomes:
The U.S. will encourage the export of civil high-technology products to China, and adjust its approval procedures for liquefied natural gas (LNG) exports.China and U.S. also agreed to reinforce cooperation in shadow banking, OTC derivatives, cross-border supervision and accounting standards, and the U.S. promised to treat Chinese financial institutions as compliant. U.S. Treasury Secretary Jacob Lew, who co-chaired the dialogue, acknowledged the progress on a wide range of issues since the annual talks initiated in 2009.
Government?:
Yes
Type of Exchange:
diplomatic
Partners:
United States and Chinese Governments
Participants (Types):
Chinese Vice Premier Wang Yang, State Councilor Yang Jiechi, U.S. Secretary of State John Kerry and Treasury Secretary Jacob Lew, entrepreneurs from both countries
Exchange Date:
Thursday, July 10, 2014
Continuing:
No
Image:
Level of Government:
national
Location:
Beijing
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