Promote strong, sustainable and balanced growth
1. In order to meet the challenges of the global economic situation, China and the United States promised to strengthen macroeconomic cooperation, make joint efforts to ensure a sustained global economic recovery, promote stable employment growth, and establish strong, sustainable and balanced global growth in the future.
The two sides agreed to adopt comprehensive policy measures to achieve more balanced trade and increase mutual investment. China is willing to increase imports from the United States, including commercial high-tech products.
2. China and the United States agreed to continue to exchange views on the development of European financial markets and discuss plans to support Europe in coping with the sovereign debt crisis through its own efforts.
3. The United States is rebalancing its economy towards sustainable growth by increasing domestic savings, promising long-term fiscal sustainability and investment conducive to improving productivity.
According to the budget for fiscal year 20 13 announced by President Obama, the United States promises to reduce the fiscal deficit by more than 4 trillion US dollars in the next 10 year, including the discretionary expenditure of 1 1 trillion US dollars determined last year, and will gradually reduce the proportion of debt in the economy from the middle of this 10 year.
4. China government is committed to improving people's livelihood, actively expanding domestic demand, and taking expanding consumption as a strategic focus.
In 20 12, China will strengthen the structural tax reduction policy, do a good job in the pilot work of changing business tax into value-added tax, and adjust the import tariff policy in time to increase consumption, promote the accelerated development of service industry, actively expand imports, promote trade balance and meet people's living needs.
5. China and the United States reaffirmed their commitment to implementing the outcome of the G20 Summit, accelerating the market-determined exchange rate system, enhancing exchange rate flexibility to reflect economic fundamentals, and avoiding continued exchange rate misalignment and competitive currency devaluation.
The two sides are determined to take actions according to the commitment on exchange rate reform in the Action Plan for Growth and Employment, so as to solve the short-term vulnerability problem, restore financial stability and consolidate the foundation for medium-term growth.
These actions will help solve the challenges brought by the fluctuation of global liquidity and capital flow, thus further promoting exchange rate reform and reducing excessive accumulation of foreign exchange reserves.
Promote cross-border trade and investment
6. China and the United States agree to strictly abide by WTO rules when launching trade remedy investigations and implementing trade remedy measures to prevent their abuse.
7. China and the United States agree to share relevant information in regional free trade agreements such as the Trans-Pacific Strategic Economic Partnership Agreement (TPP) and the China-Japan-Korea Free Trade Area Agreement.
8. China reiterates that the China government will adhere to the policy of reform and opening up and will, as always, welcome and encourage foreign investment. Technology transfer and technical cooperation are independent behaviors of enterprises, and the China government will not regard them as prerequisites for market access.
9. The United States continues to support high-tech trade with China in civilian end-users and commercial projects for civilian end-uses. When Comac China submitted all the information needed to apply for "end-user authentication" in accordance with relevant US regulations, the US government promised to accept the application in time.
10. The U.S. government promises to accept the specific demand of goods that China wants to buy and may be subject to U.S. export control in time.
1 1. China and the United States decided to hold a dialogue on the investment policies, investment promotion and related practices of the two countries at the Fifth China-US Investment Forum, including discussing infrastructure issues.
The forum will be held in the United States before the next round of China-US Strategic and Economic Dialogue, and officials and business representatives from relevant provinces, regions and cities of China and the United States will participate in the forum.
12. In the budget of fiscal year 20 13, the U.S. government proposed to greatly expand the "Choose America Plan" to promote foreign direct investment in the United States, including measures to attract China investors and facilitate their investment by investing resources.
As part of the above efforts, the staff of the Foreign Business Service Department of the U.S. Department of Commerce in China will take on greater responsibilities in promoting China enterprises to invest in the United States. In the fiscal year of 20 12, China has become one of the top ten markets for "choosing American plan", and the Foreign Business Service Department of the US Department of Commerce has focused on strengthening communication with investors.
13, China and the United States recognize the potential of enterprises of the two countries to play an active role in infrastructure financing in their respective countries. The two sides promised to explore opportunities for deepening cooperation in this field.
To this end, the "Choose America Plan" will help China to establish contact with American state and local economic development institutions and other departments responsible for or involved in infrastructure financing.
14. The United States promises to continue local cooperation with China at the provincial, state and municipal levels, expand cultural exchanges between the two countries, and increase trade and investment opportunities between the two countries.
In 15 and 20 12, the visa processing capacity of the United States in China will be increased by 40% to ensure that 80% of non-immigrant visa applications will be interviewed within 3 weeks after receipt. The United States will establish and maintain a public website to provide key information to help industries and travelers understand visa procedures and entry time.
The United States will launch a pilot project to speed up the processing of applicants' non-immigrant visa applications, including providing some applicants with extremely low risks with the ability to avoid interviews.
During the period of 20 12, this policy can provide as many as 654.38+10,000 interviews and appointments for China tourists who apply for visas for the first time. China and the United States decided to discuss various visa arrangements to facilitate personnel exchanges between the two countries on the basis of observing their respective laws and equality and reciprocity.
Promote the development of the financial sector
16. At present, China has decided to open compulsory insurance to foreign-funded insurance companies, which will be formally promulgated and implemented after the relevant laws and regulations are revised.
17. The United States welcomes foreign investment in all fields, including banking, and welcomes China banks that are allowed to open branches in the United States to do business in the United States.
The United States continues to promise to provide Chinese banks with the same prudential supervision standard treatment as other foreign banks under similar circumstances for opening branches, sub-branches or acquiring the equity of American banking institutions.
Strengthen international cooperation
18, China and the United States agreed to hold two bilateral seminars to enhance the transparency and mutual understanding of each other's export credit agency projects.
The first meeting was held in early February, attended by senior technical experts from the US Treasury Department, Exim Bank, China Ministry of Finance, Exim Bank and China Export Credit Insurance Corporation.
The second meeting will be held before the next round of China-US Strategic and Economic Dialogue, and senior policy officials and technical experts from both sides will attend.
In addition, China and the United States will establish an international working group composed of major export financing providers to make concrete progress in formulating a set of international guiding principles for export credit that take into account the interests and national conditions of different countries and conform to international best practices, and strive to reach an agreement in 20 14.
19, China and the United States promised to strengthen information sharing and cooperation to help ensure the smooth operation of the global commodity market and avoid large price fluctuations.
The United States promised to inform China of the regulatory changes of the Commodity Futures Trading Commission and the availability of financial transaction data in the oil market. The two sides promised to strengthen communication on the oil market situation, including supply and demand, strategic oil reserve management and cooperation with international energy agencies.
China and the United States recognize each other's energy security and economic interests.
Extended data:
The Content and Significance of China-US Strategic and Economic Dialogue;
Since the founding of New China more than 60 years ago, especially since the reform and opening up, earth-shaking changes have taken place in China. At the same time, we are soberly aware that China is still the largest developing country in the world, and it is necessary to build a well-off society at a higher level that will benefit more than one billion people in an all-round way.
There is still a long way to go to basically realize modernization and achieve common prosperity for all people. China will continue to adhere to reform and opening up, and strive to make the economy more developed, democracy more sound, science and education more advanced, culture more prosperous, society more harmonious and people's lives more affluent.
China will continue to pursue a win-win opening-up strategy, expand market access in accordance with the prevailing international economic and trade rules, support the improvement of the international trade and financial system, and promote the liberalization and facilitation of trade and investment.
China will accelerate the transformation of economic development mode, focus on expanding domestic demand and increasing household consumption, actively promote the healthy and balanced development of foreign trade, and oppose all forms of protectionism.
China will continue to steadily push forward the reform of RMB exchange rate formation mechanism in accordance with the principles of initiative, controllability and gradualism.
China will continue to follow the path of peaceful development, develop friendly cooperation with all countries on the basis of the Five Principles of Peace, refrain from interfering in other countries' internal affairs and imposing its will on others, and work with other countries to build a harmonious world of lasting peace and prosperity.
First, promote trade and investment cooperation, including promoting trade and investment cooperation in emerging industries; The second is to improve the financial system and strengthen financial supervision, mainly including financial reform and cross-border financial supervision cooperation.
The third is to promote structural adjustment and the transformation of development mode; The fourth is to promote strong, sustainable and balanced economic growth, mainly including the global macroeconomic situation and challenges, which will involve the European sovereign debt crisis, the impact of the situation in the Middle East and North Africa on the regional and world economy, and the catastrophic natural disasters in Japan.
The first is to promote strong, sustainable and balanced growth. It mainly discusses global economic challenges, the outlook of Sino-US fiscal and monetary policies, the economic interaction between emerging economies and developed economies and its impact, Sino-US economic rebalancing, and Sino-US economic restructuring.
The second is to expand trade and investment opportunities. It mainly discusses promoting open trade and investment, multilateral trading system and regional trading arrangements, reforming international rules and global economic governance, promoting investment facilitation, and encouraging innovation and competition.
The third is the stability and reform of the financial market. It mainly discusses the financial system supporting the development of the real economy, strengthening financial supervision and cross-border supervision cooperation, cross-border capital flow and financial market access, oil price market supervision and global commodity market supervision.
Baidu Encyclopedia-China-US Strategic and Economic Dialogue
Baidu Encyclopedia-Sino-US Joint Statement on Strengthening Sino-US Economic Relations