Home / News Type Content Tools: Save | Print | E-mail | Most Read | Comment
Chinese Premier Says Stable RMB Benefits US and China
Adjust font size:

Chinese Premier Wen Jiabao told US Treasury Secretary John Snow on Wednesday that both China and the United States benefited from a stable Renminbi (RMB).

 

In a meeting at Zhongnanhai in Beijing, Wen said China adopted a regulated, singular, floating exchange rate regime based on market supply and demand.

 

"The system is not only appropriate for China's practical situation, but also shows China's high sense of responsibility to the international community," he said.

 

China would further explore and improve the exchange rate regime along with its financial reform, based on its economic development and performance as well as international balance of payment.

 

He said the leaders of the two countries perceived and handled bilateral relations from a strategic level, which guaranteed the smooth development of China-US relations.

 

Fruitful cooperation on such issues as economy, trade, terrorism and the Korean Peninsula nuclear weapons issue proved the two sides shared many common interests and that continuous enhancement of links would be conducive to peace and economic growth, Wen said.

 

Wen expressed his hope that China and the United States could put aside differences, seek common ground and eliminate disruptions so as to continue to improve and expand relations.

 

Trade and economic cooperation were an important foundation of China-US ties, he said. Expansion of trade and economic cooperation according to the principles of equality and mutual benefit would be conducive to the long-term stable development of relations.

 

He said China would continue to fulfill its commitments on its entry to the World Trade Organization.

 

Snow thanked Wen for his positive remarks on US-China relations and said Wen's explanation of certain issues of common concern helped improve mutual understanding and trust.

 

Snow commended China's fast economic growth and appreciated China's achievements in its reform and opening-up.

 

He hoped the two countries would expand trade and economic relations.

 

(Xinhua News Agency September 4, 2003)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Morgan Stanley Chief Economist: Why RMB Not to Be Revalued
- HK Tipped as Offshore RMB Centre
- WB Official: Calls to Appreciate RMB 'Groundless'
- Need for Stable Currency Stressed
- US Blaming of RMB Misplaced
- John Snow: US, China Share Strong Trade Ties
- Premier Wen Jiabao: China's Forex System Solid
Most Viewed >>
- World's longest sea-spanning bridge to open
- Yao out for season with stress fracture in left foot
- 141 seriously polluting products blacklisted
- China starts excavation for world's first 3G nuclear plant
- 'The China Riddle'
- Irresponsible remarks on Hu Jia case opposed 
- China, US agree to step up constructive,cooperative relations
- Factory fire kills 15, injures 3 in Shenzhen
- FIT World Congress: translators on track
- Christianity popular in Tang Dynasty

Product Directory
China Search
Country Search
Hot Buys