President Hu hopes to reduce China-US trade tensions
By Jiang Zhuqing (China Daily)
Updated: 2005-09-15 06:11

Looking at crucial issues to Sino-US relations, Hu said China hopes "the United States will join the Chinese side in safeguarding peace and stability across the Taiwan Straits and opposing so-called 'Taiwan independence.'"

Bush said the US-China relationship is very important for the United States, and both he himself and the US Government attach great importance to it, and will strengthen consultation and co-operation in various fields with China.

On the Taiwan question, Bush said the US side understands it is a highly sensitive issue and its one-China policy will not change.

Bush also said he hoped the two countries will strengthen co-operation in the protection of intellectual property rights.

He thanked China for its important role in the Six-Party Talks aimed at resolving the nuclear issue on the Korean Peninsula and reiterated that the US side will insist on resolving the issue diplomatically through the Six-Party Talks.

In a speech delivered at the High-Level Meeting on Financing for Development at the United Nations Summit yesterday (Wednesday local time), President Hu said that China will adopt a package of measures to assist other developing countries. The measures are as follows:

China has decided to accord zero tariff treatment to certain products from all 39 less developed countries (LDCs) that have diplomatic relations with China.

China will further expand its aid programmes to the Heavily Indebted Poor Countries and LDCs, working through bilateral channels, said Hu.

Within the next three years, China plans to provide US$10 billion in concessional loans and preferential export buyer's credit to developing countries.

China will also increase its assistance to developing countries, especially African countries, by providing them with anti-malaria drugs and other medicines, and help them improve medical facilities and train medical personnel.

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