U.S. Treasury Secretary Henry Paulson will travel to China at the end of this week to meet with government officials and discuss the U.S.-China Strategic Economic Dialogue (SED), according to a statement issued Tuesday by the Treasury Department.
"This trip is part of an ongoing process to strengthen our strategic economic relationship -- to address long term issues such as working with China to rebalance its growth and increase the flexibility of its currency, and also to address short term issues as they arise," Paulson said in the statement.
Paulson will meet with Chinese leaders in Beijing to discuss a broad range of issues that are critical to the U.S.-China economic relationship.
He is expected to raise with Chinese leadership issues of concern to the U.S. Congress in his meetings there, as well as follow up on action items that were identified at the last meeting of the SED in May, the statement said.
Paulson will begin his trip with a visit to Qinghai Lake on July 30. On July 31, Paulson will travel to Beijing where he will spend Tuesday and Wednesday meeting with Chinese officials including President Hu Jintao and Vice Premier Wu Yi, according to the statement.
The SED mechanism, jointly initiated by Chinese President Hu Jintao and U.S. President George W. Bush in September last year, serves as a platform for both sides to discuss long-term, strategic and comprehensive issues in bilateral trade relationship. The next or third SED will be held in Beijing in December this year.
Source: Xinhua
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