A fourth round of economic dialogue under the framework ofus-China strategic and economic dialogue concluded in Beijing. They announcedthat it would take further practical measures to enhance macroeconomiccooperation, promote open trade and investment, and strengthen internationalrules and global economic governance, promoting the stability of the financialmarkets and reform.,Cooperation, strengthening macroeconomic
Us remains committed to the transformation of economic growthmode, increased levels of investment and exports, in the medium-term willalways increase in the savings rate over the last 30 years (1980-2010) average.In accordance with President Obama's 2013 fiscal year budget United Statescommitment to deficit reduction of at least $ 5 trillion in the next 10 years.
China is committed to changing the mode of economic development,actively expand domestic demand, and would expand consumer as an importantstrategy to expand domestic demand. To promote these goals, China will step upefforts to structural tax cuts, efforts by the end of 2012 to reduce someimport tariffs is closely linked with the lives of the people.
China remains committed to promoting the reform of exchange rates,enhanced two-way floating RMB exchange rate flexibility, greater play thefundamental role in the formation of market supply and demand in the currency.The United States issued a statement welcoming the Chinese side to expand Yuantrading band against the dollar.
Second, promote open trade and investment
Both sides pledged restraint in using trade remedy measures forrelief for purposes other than those for trade, including the realization ofthe objectives of industrial policy. Both parties undertake to respect theruling of the dispute settlement mechanism of the World Trade Organization. Ina fair, objective and transparent manner on both sides properly deal withanti-dumping and countervailing investigations.
Both sides will further strengthen the fight against violations ofintellectual property law enforcement capacity-building and increasedresources, China will improve IP-related laws and regulations, research onmeasures to further strengthen accountability for the criminal liability ofinfringement of intellectual property rights.
US commitments in the export control system in the reform process,fully taking into account requirements of fair treatment made. Us committed toefforts to promote civilian high-tech exports to China civilian end users andcivilian end use.
Third, international rules and global economic governance