With The Closing Of The Sino US Dialogue, The US Will Quickly Recognize China'S Market Economy Status.

The Sino US strategic and economic dialogue closes this afternoon. The two countries promise to continue to deepen economic cooperation and promote strong, balanced and sustainable global growth. The two sides have reached a number of consensus on fiscal, monetary and structural reforms, trade and investment, and financial market stability and reform.

In May 25th, the second round of the Sino US strategic and economic dialogue ended in Beijing.

The special representative of US President Obama, Secretary of state Hilllary Clinton and Minister of finance Geithner attended the joint press conference with the special representative of Chinese President Hu Jintao, Wang Qishan, vice premier of the State Council and Dai Bingguo, State Councilor.

China will implement fiscal and monetary policies to promote consumption, and continue structural reforms to ensure that consumption plays an expanding role in economic growth.

The focus of US fiscal policy will be to shift from maintaining overall demand and supporting employment to reducing the medium-term federal deficit and ensuring long-term fiscal sustainability.

The two sides will work together to adjust domestic demand and related price policies to promote more sustainable and balanced trade growth.

The two sides agreed that China's market economy status will be recognized quickly through the Sino US Joint Commission on commerce and trade in a cooperative way.

The Sino US dialogue is fruitful, and the United States will quickly recognize China's market economy status.

China News Agency, Beijing, May, 25, the second round of strategic and economic dialogue between China and the United States released a list of results in Beijing on the 25 th.

The strategic dialogue has achieved 26 specific results, and the economic dialogue has reached five important aspects.

The strategic dialogue achieved 26 concrete results.

China and the United States signed the memorandum of understanding of the China National Nuclear Safety Bureau and the United States Nuclear Regulatory Commission on Further Strengthening the nuclear safety cooperation of the Westinghouse AP1000 nuclear reactor, signed the work plan of the China National Energy Bureau and the US Department of state shale gas resource working group, signed the memorandum of understanding on the implementation of the framework of the green cooperation program between the national development and Reform Commission of China and the State Council, announced the establishment of a Joint Secretariat of the green partner program and launched a new round of green partners' pairing work.

China and the United States signed the memorandum of understanding on the cooperation between the People's Republic of China Customs General Administration and the Department of customs and excise of the United States Department of Homeland Security on supply chain safety and convenience, and renewed the memorandum of understanding between the Ministry of health of People's Republic of China and the Ministry of health and public service of United States of America on new and recurrent infectious diseases.

Welcoming the progress made in implementing the memorandum of understanding on Sino US cooperation in strengthening climate change, energy and the environment and the ten year framework for Sino US energy and environment cooperation, and agreed to strengthen practical cooperation in such areas as climate change, energy and environment.

The two sides issued a joint statement on Sino US energy security cooperation.

The two sides agreed to strengthen cooperation in preventing and combating illegal pportation of nuclear and other related radioactive materials.

We agreed to continue dialogue on human rights on the basis of equality and mutual respect, and look forward to holding the next round of human rights dialogue in China next year.

As a party to the United Nations Framework Convention on climate change, it reiterates its support for the Copenhagen agreement, announces that China's national development and Reform Commission and the United States Environmental Protection Agency will fulfill its commitment to the November 2009 memorandum of understanding on strengthening capacity building in response to climate change, and plans to start a meeting within a month.

The outcome of the economic dialogue includes five important aspects.

Both sides undertake to further accelerate the pformation of the mode of economic development and readjust the economic structure.

The United States is committed to promoting a more balanced and sustainable economic development model and increasing the savings rate.

China will continue to increase the contribution rate of domestic consumption to economic development and strengthen the construction of social security system.

The two sides have committed themselves to building a more open global trading and investment system and opposing trade and investment protectionism.

The United States will seriously consider and give fair and reasonable treatment to the Chinese enterprises that apply the "market oriented industry" in the trade relief survey, and quickly recognize China's market economy status through the Sino US Joint Commission on commerce and trade.

China provides national treatment to foreign-funded enterprises, including American enterprises, which operate in China according to law.

The two sides agreed to strengthen exchanges and cooperation in the financial field and give full play to the functions of financial institutions supporting the real economy.

The US side welcomes foreign capital investment in the US financial sector, and promises to apply the same prudential regulatory standards to other Chinese banks, securities and fund management companies.

The two sides agreed to strengthen cooperation in the reform of the international financial system.

The two sides agreed to work together to ensure positive results of the summit in Toronto and Seoul.

The two sides encourage bilateral economic cooperation and exchanges through the inter departmental economic dialogue mechanism between the two countries.

Including the further discussion of innovation issues through the Sino US Joint Commission on science and technology.