Statement: Engage China Welcomes Efforts to Enhance Economic Cooperation Between the U.S. and China
WASHINGTON, DC - Engage China, a coalition of eleven financial services trade associations united in support of high-level engagement with China with an emphasis on continued financial sector reform in China, released the following statement on the U.S.-China Competitiveness Agenda:
"Engage China applauds the leadership of the U.S.-China Working Group for its continued efforts to foster and expand one of the most important bilateral trade relationships in the world through the introduction of the U.S.-China Competitiveness Agenda.
"The current global economic downturn vividly underscores the interconnectivity of the U.S. and Chinese economies, and greater economic cooperation, such as that proposed by this legislation, will benefit the people of both nations. As nations around the globe contemplate regulatory reforms stemming from the financial crisis, we encourage China to pursue greater market opening reforms and financial services modernization. Such reform and modernization will help China achieve its economic goals, including building a more services-based, consumer-driven economy, while also benefiting the economies of other nations.
"Engage China commends Representatives Rick Larsen, Mark Steven Kirk, Steve Israel and Susan Davis for their commitment to this critical bilateral relationship."
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