May 24, 2010 6:53 PM

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China-US agree on continuing economic stimulus measures?

Chinese and US officials on Monday agreed to pursue a cautious approach on the timing to withdraw the economic stimulus measures which were adopted to overcome the global economic crisis.<br/><br/>An understanding in this regard was reached during the economic dialogue being held between Chinese Vice-Premier Wang Qishan, and US Secretary of Treasury Timothy Geithner, in Beijing. <br/><br/>Zhang Xiaoqiang, vice-chairman of the National Development told a media briefing that the foundation of the world economic recovery is not yet solid, and the sovereign debt crisis in several euro zone nations is adding to uncertainty. <br/><br/>He said the European Community is China's biggest trading partner, and China will, therefore, keep a close eye on the crisis, and, in particular, its negative effect on the economic recovery in Europe. Zhang said China should continue its economic policies stated in the government work report early this year, Xinhua reported.<br/>

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