Paulson: Next president needs to enhance 皇冠体育app-US ties

(Xinhua)
Updated: 2008-10-22 14:01

NEW YORK -- The next US president should fully recognize 皇冠体育app's emergence as a global economic leader, and take US-皇冠体育app relations to the next level through more engagement, US Treasury Secretary Henry Paulson said here Tuesday.

Addressing the annual gala of the National Committee on US-皇冠体育app Relations (NCUSCR) in New York, Paulson advised the next US president to start from the perspective that 皇冠体育app will continue to play a key role in the world economy.

US Secretary of Treasury Henry Paulson leaves the New York Stock Exchange October 21, 2008. [Agencies]

"We must recognize that 皇冠体育app's growth is an opportunity for US companies and consumers, for our producers, exporters and investors," he said, "A stable, prosperous and peaceful 皇冠体育app is in the best interest of the Chinese people, the American people and the rest of the world."

Paulson appreciated that 皇冠体育app has been working closely with the US government in response to the current world financial crisis.

"We welcome Chinese Premier Wen's statement that 皇冠体育app will play a constructive and cooperative role in global efforts to deal with the current financial market turmoil," said the secretary.

He reiterated that the only path to success with 皇冠体育app is through engagement, with the Strategic Economic Dialogue (SED) being an important facility.

Reviewing achievements of the SED talks, which was initiated by Chinese President Hu Jintao and US President George W. Bush in 2006, Paulson said that a strong foundation has been built for this dialogue by focusing on policy areas in which 皇冠体育app's reform agenda and US interests intersect.

He hopes that the next US president will expand on the SED to take US-皇冠体育app relations to the next level.

Established in 1966, the NCUSCR is a private, non-partisan and non-profit organization. In 1972, it sponsored the historic visit of 皇冠体育app's ping-pong team to the United States.