 China and the US made some progress at the two-day meeting |
Among the deals agreed were an increase in flights to China and easing US entry into Chinese financial markets.
US Treasury Secretary Henry Paulson welcomed "tangible results" achieved at the two-day meeting in Washington.
But Chinese Vice Premier Wu Yi added the talks were a success, but warned "complicated" relations between the two needed careful handling.
A key issue at the Washington meeting was the value of the yuan.
Currency concerns
US firms have accused China of keeping the yuan low to boost exports, thus threatening American jobs.
While the two sides failed to make progress on the issue, Mr Paulson told reporters he had pressed Beijing for greater flexibility for the currency.
"This is an important area and they agree with us in principle ... the pace of change is picked up but I believe it would be very much in their best interests and the rest of the world's best interests for them to move more quickly," he added.
Mr Paulson pointed to China's recent decision to allow the yuan to appreciate each day from 0.3% to 0.5% as an "important signal" that change may be in store.
The comments came with US lawmakers currently considering bringing in legislation to impose tariffs on US exports unless the country allows the yuan to appreciate.
There is increasing anxiety in the US over the growing trade deficit with China, which last year surged to a record $233bn (£118bn).
Critics claim the price of the yuan is kept artificially low, giving China's industry an unfair competitive advantage, and some US Congressmen say it should be revalued by up to 40%.
Further agreements
Among the deals agreed by the two sides during the talks, the most significant was one that requires China to ease limits on foreign investment in the country.
The move should remove a bar on new foreign securities firms in China and allow foreign securities firms to expand their operations there.
Meanwhile a further deal on the aviation sector should lead to a doubling in passenger flights between the two countries while cargo firms should have almost unlimited access to China.
Other minor accords reached involved co-operation on the development of clean energy and food safety.http://news.bbc.co.uk/1/hi/business/6685967.stm
US is talking nonsence, all they want is more flights into china and let their capital moghul corporation to get into china hot stock market, and then accuse a country which has much more poor farmers than US whole population to increase the value of their currency. Can US do something has more meaning than this? Accusing chinese goods for endanger american jobs is totally another nonsence where US is the one who push globalisation progress than any other else country. They want to push other people for open their market, but they also dont want other country for entering, nonsence. Only one reason can explain this, IT IS ONLY FOR US BEST INTEREST. Easy huh ?
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