more China/US coordinate efforts

China-US energy efforts would be win-win

Published: June 15 2008 17:34 | Last updated: June 15 2008 17:34

China and the US are two of the largest energy producers and consumers in the world, so it is highly significant that the fourth China-US Economic Dialogue, which will be held in the US this week, will promote long-term co-operation in energy, the environment and other related areas.

The Chinese government gives high priority to energy and resources conservation and the protection of the environment. It is committed to building a resource-conserving and environment-friendly society. However, China is a big and populous developing country at a stage of accelerated industrialisation and urbanisation. This has led to heavy consumption of energy and resources and made the task of protecting the environment a daunting one.

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It's good that China can positively work toward serious internal issue of enviromental concerns.I read it sometime ago,China decided to open its door to direct foreign investments in clean-air technology & enviroment-related venture.

Tuesday June 17, 10:33 am ET
By Martin Crutsinger, AP Economics Writer

US and Chinese officials begin conference on bilateral economic issues

ANNAPOLIS, Md. (AP) -- The United States and China must increase their cooperation on energy issues in the face of increased demand and record high oil prices, Treasury Secretary Henry Paulson said Tuesday as he opened a meeting of high-level economic officials from the two countries.

In his opening remarks, Wang said that substantial progress had been made in dealing with contentious issues such as currency and the trade deficit and he urged patience going forward. He also said the two countries needed to avoid "complicating and politicizing economic issues."

"Our cooperation is an irreversible and unstoppable current," Wang said. "China needs the United States and the United States needs China."

"The United States and China don't always agree on economic issues," he said. "Sometimes we may disagree quite strongly, but we keep talking."

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US and China delegates meet to work out resolutions on huge trade deficit,access to financial section in China,and support for appreciation of Chinese currency Yuan.