Clinton urges more contacts between US, China

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Last updated at: (Beijing Time) Friday, November 07, 2003

Clinton urges more contacts between US, China

Former US President Bill Clinton urged Thursday more contacts between the United States and China.

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Former US President Bill Clinton urged Thursday more contacts between the United States and China.

Speaking at the closing ceremony of the two-day Business Week CEO forum in Zhuhai, he said a closer US-China relation will contribute to the stability of the world.

He said the free and fair trade between the United States and China will not only benefit both countries, but also benefit Asia.

"The continuing growth of the global economy will require, whether we like or not, a continuing growth of political cooperation and a continuing effort to resolve imbalances in the economy they arrive," he said.

He said the potential of the untapped market is great, adding that the continuing integration of the global economy is the shortest way for eliminating poverty and promoting stability and peace.

On appreciation of Chinese yuan, Clinton said China's position not to have a stronger renminbi was "understandable." It "has moreto do with financial stability in China than the desire to maintain the trade deficit with the US," he said.

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