Vice-Premier appealed for cooperation to revive global economy

Wang Qishan, Vice-Premier in charge of economic, energy and financial affairs on Monday appealed to U.S. envoys for their cooperation in trade negotiations to revive the global economy and emphasized focusing on shared goals rather than the currency dispute and other issues that divide U.S. and China.

Wang Qishan, called to talk with U.S. officials to make joint efforts to ensure global economic vitality.

“We are facing a serious global economic crisis,” Wang said Monday at the China-US Joint Commission on Commerce and Trade, which takes place in the city of Chengdu, in southwest China.

“Ensuring a healthy economy is the responsibility of each nation. Progress is better than decline,” said Wang to U.S. officials.

During the meeting, Secretary of Commerce of the United States, John Bryson, warned that the positions on trade agreements with China worsened in Washington.

“Many in the United States, including the business community and Congress move toward a more negative view of our relationship,” Bryson told Wang and other Chinese officials.

Leaders of the largest and the second largest economy in the world have pledged to work together to underpin global growth, but ties have been strained to the complaints about China’s controls on the exchange rate and market access. For its part, Beijing is concerned about the actions of Washington to extend its political and military presence in Asia.

The retail business is particularly sensitive to high levels of unemployment in the U.S. and U.S. government hopes to revive economic growth through a boost of exports.

The China-US Joint Commission on Commerce and Trade, which meets twice a year, seeks to defuse trade tensions.

In previous meetings Beijing have promised to reduce barriers to imports of beef from the United States and combat rampant software piracy in China.

The meeting agenda includes issues of trade and investment, agricultural products and quality control, technology and intellectual property rights.

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