Chinese vice-Premier Wang Qishan said at the closing of the first Sino-US Strategic and Economic Dialogue Tuesday that the dialogue was a "full success", with the US agreeing to facilitate its high-tech exports to China and try to recognize China’s market economy status at an earlier time.

Wang also said the two sides agreed to oppose protectionism of all forms and increase representation of developing countries, including China, in major international financial institutions, such as World Bank and the International Monetary Fund.

They will also have regular exchanges on their respective dealing with "toxic" financial assets and coordinate more closely to ensure global economic recovery.

"The dialogue has injected fresh dynamism into the Sino-US relations," Wang said.

China's Vice Premier Wang Qishan (L) holds a basketball he was given by US President Barack Obama as he delivers a joint statement with US Secretary of State Hillary Clinton (C) and US Treasury Secretary Timothy Geithner at the end of the first meeting of the China-US Strategic and Economic Dialogue in Washington July 28, 2009
US Secretary of State Hillary Rodham Clinton said that the two sides conducted "open" and "frank" discussions although they still disagreed on some issues. She said she is conscious that the narrowing of those differences will “take time, effort and patience."

Source:China Daily