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Print Edition> World
UPDATED: May 28, 2010 NO. 22 JUNE 3, 2010
A Meeting of Minds
China and the United States push forward engagement amid agreements and differences
By YAN WEI
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NEW HEIGHTS: Chinese President Hu Jintao meets U.S. Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner, along with Chinese Vice Premier Wang Qishan and State Councilor Dai Bingguo in Beijing on May 25 (RAO AIMIN) 

He also urged respect for different development paths and patterns such as "cultural traditions, social systems, values and development concepts," while expressing the need for the encouragement of different development models.

Agreements

The strategic track of the second round of the S&ED, said Chinese Foreign Minister Yang Jiechi, achieved 26 specific agreements in areas including energy, environment, science and technology, customs inspection and health.

China and the United States, for instance, signed a memorandum of understanding on the safety of the Westinghouse AP1000 nuclear reactor. The U.S.-designed nuclear reactor will be used in Chinese nuclear power plants.

Officials on both sides inked a work plan for a research initiative on shale gas, a main source of natural gas. They also signed a document on the implementation of EcoPartnerships—partnerships between Chinese and U.S. cities and companies aimed at promoting eco-friendly development.

The delegates issued a joint statement on cooperation in energy security, with a vow to cooperate in stabilizing the international energy market, while ensuring the diversification of the world's energy supply and energy conservation.

China and the United States also pledged to collaborate more closely to combat the illegal trafficking of nuclear materials.

During the economic track of the second round of the S&ED, Chinese and U.S. officials agreed the United States should switch to a more balanced and sustainable economic development model by increasing its savings rate, according to a fact sheet released after the talks.

China, on the other hand, agreed to promote consumption as a more powerful mechanism to drive economic growth, while improving its social security system.

Both countries agreed to establish a more open global trade and investment system and oppose trade and investment protectionism.

The talks also emphasized that China will continue to encourage foreign investors to engage in its high-end manufacturing, hi-tech, modern service, alternative energy, energy conservation and environmental protection industries. The United States, meanwhile, has confirmed it will continue to welcome Chinese investors, while providing consistent and equal treatment to all foreign investors.

The two countries additionally agreed to enhance cooperation on the reform of the international financial system, while making joint efforts to ensure the success of the G20 summits in Toronto in June and in Seoul in November this year.

Regarding military ties, Ma Xiaotian, Deputy Chief of the General Staff of the Chinese People's Liberation Army, met with Commander of the U.S. Pacific Command Robert Willard and Wallace Gregson, Assistant Secretary of Defense for Asian and Pacific security affairs, in Beijing on the sidelines of the S&ED.

It was the first meeting between the two countries' high-ranking military officials since China partially halted bilateral military exchange programs in January in protest of U.S. arms sales to Taiwan.

Further, Chinese State Councilor Liu Yandong and U.S. Secretary of State Hillary Clinton also held a separate meeting to discuss "people-to-people exchanges."

Liu said China would assist the U.S. Government as it implements its initiative of sending 100,000 students to study in China over the next four years—a program Obama announced during his state visit to China in November last year.

The Chinese Government has also announced that it will grant scholarships to sponsor 10,000 Chinese students to pursue doctoral degrees in the United States over the next four years.

In addition, this is reflected in the realm of study abroad and student exchange programs: Overall, it is estimated that some 100,000 Chinese students are studying in the United States, whereas about 20,000 American students are studying in China.

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