BEIJING: Chinese Premier Wen Jiabao on Thursday described the just-concluded Sino-U.S. Strategic Economic Dialogue (SED) as “fruitful”.

Mr. Wen made the remarks in a meeting with U.S. Treasury Secretary Henry Paulson in the Great Hall of the People in Beijing. Mr. Wen attributed the success of the SED to the consensus on the product safety issue, which was the main concern of the two peoples, and to the fact that both countries reached accord on cooperation in energy, environmental protection and other areas that meet the long-term interests of the two peoples.

“This has demonstrated that our strategic dialogue is fruitful,” he said.

Mr. Wen said he expected to discuss with Mr. Paulson strategic issues, including how to solve bilateral trade disputes, strengthen long-term trade cooperation and face up to the opportunities and challenges of the international situation through strategic dialogue.

China attached importance to correcting the trade imbalance with the United States, Mr. Wen said, adding it had taken a series of measures to reduce the trade surplus.

“Lift limitations”

“We also hope the U.S. side will attach importance to our concerns, formulate open policies of trade and investment, lift limitations on China’s exports and provide a fair environment for Chinese companies to invest in the United States,” the Premier said.

In response, Mr. Paulson said the SED with China had been “instructive”. It helped to enhance understanding and build trust, which was very important to settle “sensitive” and “complicated” issues between the two countries.

An economically developed China was in the interests of the United States, Mr. Paulson said, adding his country could see no advantage without China’s economic growth.

Later on Thursday, Chinese President Hu Jintao also met Mr. Paulson and his delegation. Mr. Paulson told Mr. Hu that “we are building trust” between the two countries. “There is comfort between our communication, which makes it easier to deal with our conflicts and difficulties,” Mr. Paulson said.

Earlier on Thursday, Mr. Paulson told reporters the SED with China had been “instructive and constructive.” During the dialogue, China and the United States agreed to conduct extensive cooperation over a 10-year period to focus on technological innovation, adoption of clean technology and sustainable natural resources. — Xinhua