Chinese Vice Premier Wang Qishan addresses a welcome banquet
hosted by the United States Financial Services Forum, the American Bankers'
Association and the Asia Society, in New York on June 19, 2008.
NEW YORK, June 20 (Xinhua) -- Chinese Vice Premier Wang Qishan on Thursday
underlined the importance of his country's constructive and cooperative
relationship with the United States, saying ties can develop further as long as
both sides settle differences through dialogue.
China and the U.S. have developed closer links in trade, investment and
other areas, and have cooperated more closely in safeguarding regional stability
and promoting world peace and development, Wang told a group of U.S. business
and financial leaders at a welcome banquet hosted by the Financial Services
Forum, the American Bankers' Association and the Asia Society.
With economic globalization deepening, it is important to strengthen the
constructive and cooperative ties between China and the U.S., said Wang, adding
that the ties will continue to move forward as long as both sides are ready to
settle differences through talks.
On protection of intellectual property rights (IPR), Wang said China has
made great headway in this regard in recent years, with better legislation and
enforcement of IPR protection.
Incidentally, China unveiled an Outline of National Intellectual Property
Rights on June 10.
Problems do exist in IPR protection in China, and U.S. restrictions on
export of high technology to China on grounds of IPR protection is
understandable to a certain extent, Wang said.
But both sides will miss a golden opportunity for development, and not
contribute to narrowing China's trade surplus with the U.S. and boosting
bilateral economic ties if they begin to trade in high technology only when
China solves all IPR problems, instead of fighting IPR infringements as they
trade, the Chinese vice premier said.
On the opening up of China's financial market, Wang said China's policy and
resolve to further open the sector will not change.
