III. Economic Cooperation and Global Recovery

双方决心共同努力，推动全球经济实现更加可持续和平衡的增长。为此，双方注意到彼此强有力和及时的政策措施有助于遏制全球产出下降和稳定金融市场。双方同意延续现有举措以确保强健、可持续的全球经济复苏和金融体系。双方重申将继续在宏观经济政策领域加强对话与合作。双方承诺履行在首轮中美战略与经济对话、二十国集团峰会和在新加坡举行的亚太经合组织会议中作出的所有承诺。
The two sides are determined to work together to achieve more sustainable and balanced global economic growth. To that end, the two sides noted that their forceful and timely policy responses helped stem the decline in global output and stabilized financial markets. The two sides agreed to sustain measures to ensure a strong and durable global economic recovery and financial system. The two sides reiterated that they will continue to strengthen dialogue and cooperation on macro-economic policies. The two sides pledge to honor all commitments made at the inaugural meeting of the Strategic and Economic Dialogue, the G-20 summits, and APEC in Singapore.
 

双方积极评价二十国集团三次金融峰会在应对国际金融危机方面所发挥的重要作用，愿与二十国集团其他成员一道努力提高作为国际经济合作主要论坛的二十国集团的效力。双方同意共同努力，包括通过合作推动二十国集团的“相互评估进程”，推动二十国集团“为了实现强有力、可持续、平衡增长框架”取得成功。双方欢迎二十国集团近期达成的共识，即确保国际金融机构享有充分资源，改革其治理机制以提高国际金融机构的可信性、合法性和有效性。双方强调应及早落实国际金融机构份额和投票权量化改革目标，按照匹兹堡峰会领导人声明增加新兴市场和发展中国家在这些机构中的发言权和代表性。双方同意共同加强这些国际金融机构的能力，以防范和应对未来的危机。

The two sides commended the important role of the three G-20 summits in tackling the global financial crisis, and committed to work with other members of the G-20 to enhance the G-20’s effectiveness as the premier forum for international economic cooperation. The two sides agreed to work together, including through a cooperative process on mutual assessment to make the G-20 Framework for Strong, Sustainable and Balanced Growth a success. The two sides welcomed recent agreements by the G-20 to ensure that the International Financial Institutions (IFIs) have sufficient resources and to reform their governance structures in order to improve IFIs credibility, legitimacy and effectiveness. The two sides stressed the need to follow through on the quantified targets for the reform of quota and voting shares of IFIs as soon as possible, increasing the voice and representation of emerging markets and developing countries in these institutions consistent with the Pittsburgh Summit Leaders Statement. They also agreed to work together to strengthen the capacity of these institutions to prevent and respond to future crises.

双方将进一步加强宏观经济政策的沟通与信息交流，共同努力采取调整国内需求和相关价格的政策，促进更加可持续和平衡的贸易与增长。中方将继续落实政策，调整经济结构，提高家庭收入，扩大内需，增加消费对国内生产总值的贡献，改革社会保障体系。美国将采取措施提高国内储蓄占国内生产总值的比重，推动可持续的、非通货膨胀式的增长。为此，美方致力于将联邦预算赤字降到一个可持续发展的水平并采取措施鼓励私人储蓄。双方将采取前瞻性的货币政策，并适当关注货币政策对国际经济的影响。

The two sides will further enhance communication and the exchange of information regarding macro-economic policy, and work together to pursue policies of adjusting domestic demand and relative prices to lead to more sustainable and balanced trade and growth. China will continue to implement the policies to adjust economic structure, raise household incomes, expand domestic demand to increase contribution of consumption to GDP growth and reform its social security system. The United States will take measures to increase national saving as a share of GDP and promote sustainable non-inflationary growth. To achieve this, the United States is committed to returning the federal budget deficit to a sustainable path and pursuing measures to encourage private saving. Both sides will also pursue forward-looking monetary policies with due regard for the ramifications of those policies for the international economy.

双方认识到开放贸易和投资对各自国内经济和全球经济的重要性，并致力于共同反对各种形式的保护主义。双方同意以富有建设性、合作性和互利性的方式，积极努力解决双边贸易和投资争端。双方将加快一项双边投资协议的谈判。双方致力于使多哈发展议程（Doha Development Agenda）在2010年取得积极、宏大和平衡的最后结果。

The two sides recognize the importance of open trade and investment to their domestic economies and to the global economy, and are committed to jointly fight protectionism in all its manifestations. The two sides agreed to work proactively to resolve bilateral trade and investment disputes in a constructive, cooperative, and mutually beneficial manner. Both sides will expedite negotiation on a bilateral investment treaty. The two sides are committed to seeking a positive, ambitious, and balanced conclusion to the Doha Development Agenda in 2010.

双方积极评价第二十届中美商贸联委会会议成果。双方重申在会议中所作承诺并期待其得到全面落实。

The two sides spoke highly of the outcomes of the 20th Meeting of the U.S.-China Joint Commission on Commerce and Trade. The two sides reaffirmed the commitment at this JCCT meeting and look forward to their full implementation.

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