China and the United States reached an agreement last Friday that make their joint efforts to tackle emergencies on food security and product safety, which was included in a document outlining the results of the two-day fifth round of the Sino-US Strategy Economic Dialogue (SED).
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A $20b finance package that the Export-Import Bank of China agreed to contribute $8b and the US Export-Import Bank $12b was approved by China and United States last Friday.
As Henry Paulson, US Treasury Secretary said at the end of the two-day Strategic Economic Dialogue (SED), “The new sources of financing are expected to send Read more…
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When the semiannual mechanism ended its fifth two-day session last Friday, top officials from both sides of the Strategic Economic Dialogue (SED) expressed hope that the incoming Obama administration would continue the highest level economic dialogue between China and the United States.
After the session ended at noon on Friday, both President Hu Jintao and Premier Wen Jiabao congratulated Henry Read more…
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US is expected to stabilize its financial market to ensure the safety of its assets there and Beijing would like to work with Washington to revive the health of the international financial system, according to Vice-Premier Wang Qishan at the opening ceremony of the fifth Sino-US Strategic Economic Dialogue, a two-day event that began in Beijing on Dec 5th.
Wang also said that day the key tasks of SED this year was to restore global confidence and prevent the current financial crisis from spreading.
The SED mechanism Read more…
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On Nov 4, the fifth round of Strategic Economic Dialogue (SED) between China and the United States was held in Beijing. It has evoked a particular interest of whether the dialogue mechanism will be carried forward into the new US administration as it was the last round of talks between the two countries during Bush administration.
Large-scale of debates has arisen in the US in terms of whether such dialogue mechanism should be continued into the next Read more…
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Despite warnings from some US lawmakers not to rush into a deal, the top US agricultural official said that the Doha round of global trade talks may “see a successful completion” by the end of the year.
Washington would like to offer a reduction in its allowable level of subsidies, but it would do this only to increase market access for its exports, Ed Schafer Read more…
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For this year, Washington has sent a “strong delegation”, including 11high-ranking officials to attend the Sino-US Strategic Economic Dialogue (SED) in China, said Daniel Sullivan, US Assistant Secretary of Stare for Economic and Business Affairs. This move speaks volumes for Obama team’s awareness of talks’ importance.
Sullivan, who participated in all the previous four SED meetings since the biannual mechanism was launched in 2006, arrived in Beijing the day before yesterday preparing for the last round talks under the Bush administration today and tomorrow.
The Bush administration has thoroughly briefed the incoming transition team of Barack Obama on the importance of the Sino-US Strategic Read more…
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The president of the United State’s Environmental Protection Agency Stephen Johnson visited Tongji University in Shanghai on 1st December, just a few days before the 5th Strategic Economic Dialogue (SED) between China and the US.
When he was asked what suggestions his ministry will make at the two-day talks at a press conference, he couched his refusal in very polite terms, saying that people Read more…
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Exports of dairy goods have stopped its pace during what usually is the best time of the year for the industry, which due to the tainted-milk food scandal.
Dairy scandal has created distrust in Chinese dairy products and other China-make food products, which decreased the export of Chinese food products seriously. According to latest General Administration of Customs (GAC) figures, only 1,036 tons of dairy products were exported in October, down 92% year-on-year. From January to September, the monthly average export of dairy products was 12,000 tons. Read more…
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The Strategic and Economic Dialogue (SED) mechanism was initiated by President Hu Jintao and his US counterpart George W. Bush in 2006. Assistant Minister of Finance Zhu Guangyao said the SED has played an important role in pushing the advancement of relations between Beijing and Washington.
This time, China will work with the new US administration on keeping the SED mechanism to strengthen bilateral ties, according to a senior Chinese financial official in Beijing. China will discuss with the Obama Read more…
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