Home > Top Stories
Remarks of Vice Premier WANG Qishan at joint press conference of China-UK Economic and Financial Dialogue II
2009/05/13

 

  Members of the media,  

  Good afternoon. The second EFD has drawn to a successful close. Under the broad theme of “supporting sustainable growth through enhanced China-UK cooperation”, the two sides had an in-depth discussion of topics ranging from economic growth and financial stability to energy and the environment, and trade and investment, and reached a more than 20-point outcome.  

  The two sides expressed commitment to working with the international community to follow up on the consensus reached at the London G20 Leaders’ Summit and adopt all necessary measures to restore confidence and promote global economic growth. The two sides called for working out explicit time frame and roadmap for the reform of the international financial system, increasing the voice and representation of developing countries. The two sides also pledged to jointly promote efforts to achieve Millennium Development Goals.  

  The two sides agreed to expand financial sector technical collaboration and exchange programme agreed at the first EFD, including discussions between relevant parties on steps following China’s accession to the Financial Stability Board and the Basel Committee on Banking Supervision.   

  The two sides expressed readiness to expand cooperation and technology transfer in energy efficiency and the development and application of new energies, conduct exchanges and cooperation on nuclear energy and offshore wind power development and construction, and develop a policy dialogue on the management mechanism of renewable energy. The two sides commit to deepen cooperation on sustainable cities, through the pilots in Wuhan and Chongqing.  

  The two sides agree to strengthen cooperation on trade in services and technology and expand trade in particular in aerospace, environmental protection, biological technology, pharmaceuticals, electronics and advanced engineering, with a view to reaching the target of 60 billion US dollars in bilateral trade by 2010. The two sides remain committed to open markets for investments, including those from Sovereign Wealth Funds.  

  The two sides are firmly opposed to trade protectionism and commit to continuing close cooperation, locking in of the consensus and outcomes achieved so far in the Doha round negotiations, to achieve a comprehensive and balanced conclusion of the Doha Round.  

  The British side reaffirmed its support for China’s market economy status and committed to play a constructive role to encourage EU recognition of China’s full market economy status at as early a date as possible.  

  The success of the EFD fully demonstrated the confidence of China and the UK in working together to address challenges and our commitment to take our comprehensive strategic partnership forward.  

  Thank you.  

<Print>