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The Sixth Round of China-US Strategic and Economic Dialogue Concludes,Both Sides Reaching Broad Consensus and Achieving Important and Positive Results

From July 9 to 10, 2014, the sixth round of China-US Strategic and Economic Dialogue (S&ED) was held in Beijing. President Xi Jinping's Special Representative and Vice Premier Wang Yang and State Councilor Yang Jiechi co-chaired the Dialogue with President Barack Obama's Special Representative and Secretary of State John Kerry and Secretary of the Treasury Jacob J. Lew of the US. Concentrating on implementing the important consensus of the two heads of state and making efforts to construct the new model of major country relationship between China and the US, the two sides exchanged candid and in-depth views on a range of strategic, long-term and overall issues. Both sides reached a broad consensus and achieved important and positive results.

Both sides made positive comments on the progress made in the bilateral relations over the past 35 years since the establishment of diplomatic relations between China and the US and reiterated to strengthen the exchanges both at high level and all other levels between the two countries. The two heads of state will continue to maintain frequent communication through visits, meetings, telephone conversations, letters and other ways.

Both sides pledged to work together to make preparations in all respects for the meeting in Beijing between President Xi Jinping and President Barack Obama in November. The US side expressed its support to China to host the 22th Asia-Pacific Economic Cooperation (APEC) Informal Leadership Meeting later this year.

During the Economic Dialogue, both sides pledged to further enhance communication and cooperation on macroeconomic policies. The US side will continue to support gearing towards a growth pattern underpinned by higher investment and national savings and pay close attention to the impact of its monetary policy on the international financial system. The two sides will continue to strengthen cooperation within the G20 framework and advance international financial governance reform. The two sides support periodic review of the voting power structure of the World Bank. The US side pledged to complete its domestic approval of the reform proposal on the International Monetary Fund (IMF) quota and its Executive Board in 2001 as soon as possible.

The two sides agreed to strive to reach a consensus on core issues and major provisions of the content of the Bilateral Investment Treaty (BIT) by the end of 2014, and promised to initiate negotiations on the "negative list" in early 2015. The US side promised to maintain an open investment environment for Chinese investors of all types.

The two sides agreed to strengthen financial cooperation. The US side pledged to treat China fairly in the reform of its export control system and to encourage and facilitate the export of civil high-technology products to China.

During the Strategic Dialogue, the two sides agreed to strengthen cooperation in a wide range of areas, including counter-terrorism, law enforcement, anticorruption, customs, fishery, maritime affairs, transportation, consular affairs, protection of the disabled, energy and climate change, nuclear security, environment protection, science and technology, agriculture, health care, and cooperation between local governments. The two sides agreed to earnestly implement the consensus reached by the leaders of the two countries and militaries on developing bilateral military relations, deepening communication and cooperation between the two militaries, and advance the building of the new model of military relationship between China and the US.

The two sides pledged to make joint efforts to build a more stable, peaceful and prosperous Asia-Pacific region and to strengthen communication and coordination on Asia-Pacific affairs. The two sides believed that China and the US bear important responsibilities for safeguarding peace and stability in the world, and both sides should maintain close consultations and coordination on the Korean Peninsula nuclear issue, the Iranian nuclear issue, Afghanistan and other issues.

The Chinese side stressed that both sides should respect each other's sovereignty and territorial integrity, respect each other's choice of development paths, and handle divergences and friction in a constructive manner. The Chinese side reiterated its principled stance on the Taiwan question, Tibet-related issues and other issues.

The Chinese side reaffirmed its principle and position on the issues of East China Sea and South China Sea. The Chinese side also urged the US side to adopt an objective and just position, honor its commitment of not taking sides so as to play a constructive role in maintaining peace and stability in this region.

Wang Yang stressed that understanding and mutual trust are important preconditions for the two major countries to achieve cooperation and win-win results, and dialogue and communication are important means for the two countries to live in harmony. The hard-won important fruits of this round of Dialogue will lay a foundation for the meeting between the two heads of state in this November and inject positive energy into the building of the new model of major country relationship between China and the US.

Yang Jiechi pointed out that China and the US should continue to constantly push forward the building of the new model of major country relationship between China and the US in accordance with the important consensus reached by the two heads of states.

On the same day, Wang Yang, Yang Jiechi, John Kerry and Jacob J. Lew together held the joint press conference of the sixth round of S&ED at the Great Hall of the People. Yang Jiechi and John Kerry also jointly attended the signing ceremony of the 2014 China-US EcoPartnerships.

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