US seeks action with China in key talks
The United States and China on Monday open their most in-depth talks since the election of President Barack Obama, with the US side seeking far-reaching cooperation on the global economic crisis and beyond.world Updated: Jul 27, 2009 16:24 IST
The United States and China on Monday open their most in-depth talks since the election of President Barack Obama, with the US side seeking far-reaching cooperation on the global economic crisis and beyond.
Obama was set to inaugurate the two-day dialogue, part of the US leader's push to build a broader relationship between the biggest developed and developing economies.
With China increasingly uneasy about its massive exposure to the US economy, Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner made a joint appeal to Beijing to work together to spur global growth.
"Simply put, few global problems can be solved by the US or China alone. And few can be solved without the US and China together," Geithner and Clinton wrote in an article published today in The Wall Street Journal.
The duo, who will lead the US side in the talks, argued that measures by Washington and Beijing to create and save jobs helped the world at large during its worst economic turmoil since the Great Depression.
"The success of the world's major economies in blunting the force of the global recession and setting the stage for recovery is due in substantial measure to the bold steps our two nations have taken," they said.
"As we move toward recovery, we must take additional steps to lay the foundation for balanced and sustainable growth in the years to come."
State Councillor Dai Bingguo and Vice Premier Wang Qishan are heading the Chinese delegation in the talks.