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WASHINGTON (CNN) -- Two days of high-level talks between the United States and China concluded with broad agreement on separate strategies to help their economies and the world emerge from the global recession.
Treasury Secretary Timothy Geithner said on Tuesday the United States will emphasize fiscal discipline on both the federal and personal levels, while China will encourage more domestic spending instead of relying on foreign demand.
"The basic importance of this is the recognition by both of us that things are going to have to change going forward," Geithner told a closing news conference for the "Strategic and Economic Dialogue."
He called the agreement on complementary economic strategies the "most important strategic achievements" of the talks.
Secretary of State Hillary Clinton called the two-days "unprecedented" in U.S.-China relations, noting they were the largest gathering of top leaders from the two countries and covered a wide range of issues.
"The result is that we have laid the foundation for a positive, cooperative and comprehensive relationship for the 21st century," Clinton said.
Chinese Vice Premier Wang Qishan called the talks a "full success, " emphasizing the joint strategy to stimulate economic growth at home as a top priority while the world moves toward recovery. source: cnn.com