China, US pledge to advance economic recovery

January 11th, 2012 - 6:07 am ICT by IANS  

Beijing, Jan 11 (IANS) China and the US Tuesday pledged to enhance their cooperation to advance the global economic recovery.

The global economic recovery must remain the priority for all nations as the world economic situation is still “very complex and grim”, Chinese Vice Premier Wang Qishan said.

He was speaking to visiting US Treasury Secretary Timothy Geithner here Tuesday, Xinhua reported.

As important G20 members, China and the US should make joint efforts with the other members to ensure the success of the Los Cabos summit and to support strong, sustainable and balanced global growth, he said.

The next G20 summit is scheduled to be held in Los Cabos, Mexico, in June this year.

During the talks, Wang hailed the momentum of economic cooperation between the two nations over the past year.

Geithner said smooth development of relations between the US and China is not only in the interests of the two nations, but also conducive to the recovery of the world economy.

The US is willing to make joint efforts with the Chinese side to step up communication and cooperation and deepen the comprehensive and mutually beneficial economic partnership between the two nations, he added.

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