WRAP Photo-op at China-US Strategic Economic Dialogue;ADDS closing statements
(13 Dec 2007) 1. Wide exterior of Convention Centre gate, tilt down to entrance 2. Medium shot of sign with Chinese characters 3. Wide interior of group photo 4. Cutaway of Chinese delegates 5. Mid shot of US Treasurer Paulson and Chinese Vice Premier Wu Yi, Wu asks everyone to smile on the count of three 6. Wide of US and Chinese officials sitting down to sign agreement 7. Close-up of Administrator of US Environmental Protection Agency (EPA) Stephen Johnson, signing agreement, tilt up to his face 8. Close-up of Li Changjiang, Director of the Administration of Quality Supervision, Inspection and Quarantine (AQISQ), signing agreement 9. Close-up of Chinese and US flags on table 10. Wide of Johnson and Li standing to shake hands, exchanging agreements 11. Wide of news conference with Paulson and Wu 12. Cutaway of audience 13. Mid shot of Paulson and Wu on stage 14. SOUNDBITE (Mandarin): Wu Yi, Chinese Vice Premier: "An important feature of SED (Strategic Economic Dialogue) 3 is that both sides, both China and the United States, have gone beyond a single focus on short term, hot economic and trade issues and instead have engaged in a comprehensive reflection of the future development of Sino-US economic and trade relations from a strategic perspective." 15. Cutaway of photographer 16. SOUNDBITE (English) Henry Paulson, US Treasurer: "We also both need to recognise the need to fight economic nationalism and protectionism in our two countries. Nations cannot protect their way to prosperity." 17. Cutaway of audience 18. Paulson and Wu shaking hands 19. Paulson walking onto stage for US news conference 20. Journalist asking question 21. SOUNDBITE (English): Henry Paulson, US Treasurer "For those who believe that solving the currency issue and having a renminbi (yuan) that is more realistically valued, would get at the imbalances in a really significant way� they are misinformed." 22. Journalist asking question 23. SOUNDBITE (English) Henry Paulson, US Treasurer "We focus on the renminbi (yuan) because in many ways that is a proxy for reform. It's very difficult to have a market driven economy, with all the tools you would have in a market driven economy, if you don't have real market signals." 24. Officials leaving stage STORYLINE American and Chinese officials ended two days of talks on Thursday by calling for calm to avoid arguments over trade, after disagreeing over who was responsible for Beijing's massive trade surplus. US Treasury Secretary Henry Paulson said officials had discussed the importance of balanced growth and the role of competitive markets. "We also both need to recognise the need to fight economic nationalism and protectionism in our two countries. Nations cannot protect their way to prosperity," he said in a closing statement. China's top negotiator, Vice Premier Wu Yi, called the China-US Strategic Economic Dialogue, held in the resort of Xianghe outside Beijing, a "complete success". She cited progress on food safety, environmental protection and dealing with globalization challenges. "Both China and the United States, have gone beyond a single focus on short term, hot economic and trade issues and instead have engaged in a comprehensive reflection of the future development of Sino-US economic and trade relations from a strategic perspective," Wu said. Their comments came just hours after the US Commerce Department released figures showing that US trade deficit with China jumped 9.1 percent to 25.9 (b) billion US dollars in October, a record for a single month. However, he cautioned against placing too much emphasis on this. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: / ap_archive Facebook: / aparchives Instagram: / apnews You can license this story through AP Archive: http://www.aparchive.com/metadata/you...
