More flexible exchange rate system promised
By Zhang Dingmin and Su Bei (China Daily)
Updated: 2005-10-18 05:51

The US side said it supported China's endeavour to join the IADB.

Bilateral consultations on this matter would continue, the statement said.

China and the United States reiterated the importance of actions to identify and combat terrorist financing and money laundering, and agreed to take necessary steps to prevent abuse of financial systems within their jurisdictions.

The two sides also reiterated their support for the successful conclusion of the Doha Development Round negotiations of the World Trade Organization.

They agreed to make efforts to promote meaningful and balanced outcomes in key areas, including agricultural and financial services negotiations, and called for progress at the upcoming Hong Kong Ministerial Conference.

At a meeting with Snow, Premier Wen Jiabao said that Sino-US economic and trade ties are generally good and existing issues can be settled.

Wen said the right principles for solving bilateral economic and trade disputes should be that the two sides respect each other, conduct consultations on an equal footing, enhance understandings and consensus through more dialogues and exchanges.

(China Daily 10/18/2005 page1)