Chinese Vice Premier Ding Xuexiang held high-level talks with former U.S. Treasury Secretary Henry Paulson in Beijing on Thursday, emphasizing the critical role of stable bilateral relations in addressing global economic challenges. The meeting comes as both nations navigate complex geopolitical dynamics and seek pathways for practical collaboration.
Ding, a senior leader of the Communist Party of China Central Committee, underscored China's commitment to 'mutual respect and win-win cooperation' as foundational principles for U.S.-China relations. 'As major countries, we share responsibilities in maintaining global industrial and supply chain stability,' Ding stated, highlighting opportunities for American businesses through the Paulson Institute's engagement in China.
Paulson acknowledged the interconnected nature of the world's two largest economies, stating: 'Our economic destinies are inextricably linked. Enhanced communication mechanisms could help mitigate misunderstandings in areas from trade to climate initiatives.'
The dialogue touched on key issues including technology innovation partnerships and coordinated responses to developing nations' debt burdens. Both sides expressed cautious optimism about recent progress in financial regulatory coordination, though specific policy announcements were notably absent from the discussions.
