December 05, 2008

Paulson In Beijing: US-China Relations "Vital"


BEIJING - In closing remarks today at the 5th session of the US-China Strategic Economic Dialogue, out-going Treasury Secretary Paulson said "the U.S. – China economic relationship will continue to be vital to the health of our two economies and the global economy" and generally praised the cooperative efforts to date between the USA and China to stabilize the global economy in the midst of the Panic of '08.

Several measures were unveiled including a $20 billion committment for each nation's export/import banks to extend credit to worthy importers.

The Strategic Economic Dialogue was started by Presidents Bush and Jiang. It has already lasted through China's presidential transition. Will it survive under President Obama?

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