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The first Sino-US strategic economic dialogue concluded Friday noon, with "a number of consensuses" being reached.

 

"We have reached a number of consensuses, although differences remain on some issues," Vice Premier Wu Yi told the press after the two-day landmark dialogue.

 

US Treasury Secretary Henry Paulson also hailed the dialogue, stating that "it is important and encouraging that we have agreed on so many principles in the dialogue."

 

"We each will take measures to address global imbalances through greater national savings in the US and to increase consumption and exchange rate flexibility in China," said Paulson, who led the high-profile US trade mission to the dialogue.

 

In a fact sheet released at the end of the bilateral talks, China and the US reaffirmed their commitment to pursuing macroeconomic policies.

 

"China will carry out the exchange rate regime reform and the US will increase saving rates so as to promote balanced and strong growth and prosperity in the two nations," the fact sheet said.

 

The second strategic economic dialogue will be held in Washington in May next year.

 

(Xinhua News Agency December 15, 2006)