China says SED "insightful", "productive"

According to a press release from the Chinese Foreign Ministry, Wen also called on the two sides during the meeting to follow two fundamental rules to develop ties. First, to promote relations in a cooperative and constructive manner, and secondly to strengthen dialogue to expand common understanding and establish cooperation with mutual benefit.

Chinese Premier Wen Jiabao (R) meets with United States Treasury Secretary Henry Paulson (L) in Beijing, capital of China, Dec. 5, 2008. (Xinhua Photo)

Paulson highlighted the success the fifth SED achieved through the joint efforts of the both nations, noting that one of the important themes of the dialogue is to prevent international trade from returning to the era of the protectionism.

Paulson said the United States and China working closer and jointly to tackle the challenges posed by the current financial crisis "is of great importance", the press release said.

Paulson also acknowledged "a series of important outcomes" achieved under the dialogue mechanism during the past over two years, noting that the two nations have increased mutual trust, expanded mutual understanding and laid a solid foundation for the growth of bilateral relations.

"I'm of the firm belief that U.S.-China relations will see further development and consolidation in the future years," Paulson was quoted as saying by the press release.

Editor:Zhang Pengfei