Friday, July 25, 2014

U.S., China must continue effort of cooperation WORLD OPINION

February 19. 2013 7:05PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

DURING THEIR meeting on the sidelines of the East Asia Summit held in the Cambodian capital of Phnom Penh last week, Chinese Premier Wen Jiabao and U.S. President Barack Obama reaffirmed the two countries' commitment to promoting bilateral cooperation.

Given that this was their first meeting after China's leadership transition and Obama's re-election this month, the significance of their remarks go beyond the bilateral level, as they have positive implications for the world economy and the two countries' cooperation in the Asia-Pacific region.

Business, trade and finance are where the two countries' interests already converge to a large extent. Bilateral trade is likely to top $500 billion this year. Ironing out the road for greater cooperation in these fields obviously will benefit both economies.

And given the size and clout of their economies, taking concrete steps in this regard and promoting trade ties in a cordial atmosphere, rather than miring them in disputes, would inject much needed confidence in a global economic recovery.

The same principle should apply to their cooperation in the Asia-Pacific, where China hopes the United States will be constructive so the two countries can jointly contribute to regional peace and development.

As a global power eying a bigger role in Asia, the United States should make sure its involvement mitigates the tensions over maritime territorial disputes and not the opposite.

China Daily, Beijing

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds