My comment: My super super boss prof. Huo Deming from CER at Peking
University talks about this summit, and the controversial currency
exchange rate in the second video I posted.

Also I post a briefing in text on premier Wen speech at the summit.

Part 1: http://www.youtube.com/watch?v=4QpeUuKf4J0
Part 2: http://www.youtube.com/watch?v=HNOJgonnKec

Peace and best wishes.

Xi

Chinese premier: China, EU should show great foresight in shaping
future
http://news.xinhuanet.com/english/2009-11/30/content_12566150.htm

NANJING, Nov. 30 (Xinhua) -- Chinese Premier Wen Jiabao on Monday
called on China and the European Union (EU) to "stand high and see
far" in shaping the future.

    Wen made the remarks at a joint press conference after the 12th
China-EU summit. He co-chaired the meeting with European Commission
President Barroso and Swedish Prime Minister Fredrik Reinfeldt, whose
country currently holds the rotating EU presidency.

    He said as all-round strategic partners, China and the EU should
not only make joint efforts in coping with global financial crisis and
overcoming the difficulties, but also should stand high and see far in
shaping the future, in a bid to promote the establishment of a just
and rational international political and economic new order.

    He called on the two sides to abandon discrimination,
confrontation and containment and promote equality, dialogue and
cooperation.

    He said the two sides should enhance mutual trust, and always be
friends but not opponents, should take a cleat-cut stand against
hegemony and promote a multi-polar world in support of
multilateralism, should take the development as the primary task and
follow the path of common development, should respect each other's
cultural tradition, social system and values with the spirit of
openness, and achieve innovation and progress in learning from each
other, should dedicate to resolving the deep-seated structural
problems in the international relations and promoting the world
harmony and sustainable development.

    "Those issues should be the strategic direction that guides the
China-EU relations," he stressed.

    Wen said China and the EU should continuously improve the dialogue
mechanism, innovate the means of cooperation, enrich the content of
cooperation, so as to inject new vitality to the China-EU relations.

    He called on the two sides to properly handle the trade frictions
and abandon the trade protectionism. He said China hopes the EU would
relax control over high-tech export to China so as to achieve the
balance of trade between the two sides.

    The two sides should encourage and support mutual investment,
enhance cooperation in such areas as intellectual property protection,
facilitation of trade and investment and small and medium-sized
enterprises, he said.

    The two sides should make use of the bilateral mechanism to expand
cooperation in the fields of energy-saving, the improvement of energy
efficiency, the development of renewable energy and the exploitation
and utilization of clean coal and coal bed methane, said Wen, adding
this is conducive to coping with financial crisis and climate change.

    He suggested the two sides to hold the first China-EU Cultural
Summit Forum and the China-EU Intangible Cultural Heritage Exhibition
and Symposium, and make the year 2011 as the "China-EU Youth Exchange
Year" and establish a China-EU youth ministerial-level meeting
mechanism.

    China welcomes the EU to enhance pragmatic cooperation with its
provinces and autonomous regions, he noted.

    Wen emphasized that China and the EU should continue to maintain
the strength of the economic stimulus package, enhance the
coordination of the macro-economy policy and financial supervision, in
a bid to boost the comprehensive recovery of world economy and the
sustainable development.

    He also called on the two sides to pay more attention to the
development of the developing countries. He said the two sides should
fulfill the commitment of providing assistance to the developing
nations and enhance those nations' capacity of self-development. China
and the EU should make concerted efforts to expand the aggregate
demand of the world so as to find a fundamental solution to the world
economic imbalance.

    The 12th China-EU summit began in Nanjing, capital of east China's
Jiangsu province, Monday morning. Initiated in 1998, the China-EU
summit is the highest-level political consultation mechanism between
the two sides.

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