China-US dialogue highlights bilateral cooperation

Global Business

Photo: CCTV News

China and the United States began their annual high-level talks, the Strategic and Economic Dialogue, in Washington on Tuesday.

CCTV America’s Nathan King reported this story live from the U.S. State Department:

CCTV America\'s Nathan King reported this story live from the U.S. State Department:

A full agenda Wednesday, for the high level strategic and economic dialogue taking place here in Washington between China and the United States. There was a CEO summit, a meeting at the White House with US President Barack Obama and talk of landmark cooperation when it comes to the world's oceans.

It’s the seventh time the two countries have held the talks, which are being co-chaired by Chinese Vice Premier Wang Yang and State Councilor Yang Jiechi, along with U.S. Secretary of State John Kerry and U.S. Vice President Joe Biden.

The aim this year is to promote greater cooperation between the world’s most-developed economy and the most-developing economy.

In public remarks, leaders of both countries acknowledged obstacles, but also agreements towards cooperation.

“There will be intense competition. We will have intense disagreements. That’s the nature of international relations. But there are important issues where we don’t see eye-to-eye but it doesn’t mean we should stop working hand-in-hand,” U.S. Vice President Joe Biden said.

Chinese Vice-Premier Liu Yandong spoke of mutual cooperation and respect.

“As long as our two countries adopt an overall perspective, respect, and accommodate each other’s core interests, and be committed to a constructive approach to reduce misunderstandings and miscalculations, we can manage our differences and maintain our common interests,” Liu said.

Some of these common interests include the desire to contain nuclear activity in Iran and the Korean Peninsula.

Biden praised China’s role on the nuclear issue, as well as its contribution in the fight against global terrorism and the push for peace in Afghanistan and Sudan.

However the differences have been a source of public tension such as the China and U.S. role in the South China Sea and accusations of cyber-hacking. These issues have resulted in both sides accusing each other of wrongdoing.

“It’s normal that China and the U.S. would disagree during these kinds of exchanges. Economic cooperation is about the exchange of interests. So it would be unusual to not having disagreements. There’s a Chinese saying: ‘even among brothers, accounts should be settled without ambiguity’ not to mention among two countries,” said Chinese Vice-Premier Wang Yang.

Story by CCTV News and CCTV America.


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