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U.S. business leader urges continued strategic economic dialogue with China
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10:09, June 21, 2008

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A leading U.S. business leader said here Friday that the U.S.-China Strategic Economic Dialogue (SED) has played an important role in bilateral economic and trade cooperation and that the SED should continue in a sustained and effective manner.

At a meeting with visiting Chinese Vice Premier Wang Qishan, Harold McGraw III, chairman of Business Roundtable, an association of chief executive officers of leading U.S. companies, suggested that business leaders of the two countries should also establish and hold such dialogues as an effective complement to government-to-government dialogue.

McGraw, who is the president and CEO of the McGraw-Hill Companies, urged both governments to support such dialogues.

Wang was meeting with McGraw and leaders of other member companies of Business Roundtable to hear their opinions and suggestions about China-U.S. economic and trade relations.

Wang told the U.S. business leaders that the Chinese economy will maintain a rapid growth in a relatively long period of time and that the Chinese government will create a good environment for enterprises of both countries to conduct dialogue and mutually beneficial cooperation.

The Chinese vice premier arrived in New York on Thursday after co-chairing the 4th session of the China-U.S. Strategic Economic Dialogue in Annapolis, Maryland, and meeting U.S. President George W. Bush and U.S. lawmakers in Washington.

He said the purpose of the Strategic Economic Dialogue is to raise questions, seek consensus, and implement results, and to prevent trade protectionism and conservatism from hampering the development of bilateral economic and trade cooperation, so as to ensure that such cooperation benefits the people of both countries.

The vice premier and his entourage will depart for Beijing later Friday.

Source: Xinhua



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