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Wang says economies of China, US inseparable

Thursday, December 20, 2012 20:01
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(Before It's News)

THE economies of China and the United States have become “interdependent and inseparable,” a top Chinese official said after high-level trade talks which were being watched for signs of how the two powers will cooperate after their respective political transitions.

Vice Premier Wang Qishan was speaking on Wednesday after the annual US-China Joint Commission on Commerce and Trade. Tackling dozens of thorny, detailed trade issues, the two days of talks were short on big outcomes but set an upbeat tone.

Wang said recovery of the world economy in the next five years will be sluggish, so the US-China economic relationship had acquired critical importance.

“Our two countries have to strengthen our economic relationship. We have to come to terms with the fact that we have become interdependent and inseparable,” he said.

Speaking to American business executives after the trade talks, Wang drew a direct comparison between China’s new Party leader Xi Jinping and US President Barack Obama, saying both had a “very heavy weight to bear” to make good on promises.

More: http://www.shanghaidaily.com/nsp/Busines…separable/



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