Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), said at the International Finance Forum in Beijing, that China has done a lot to boost domestic consumption, but more can still be done. 

Outbound investment from China in overseas markets has grown significantly recently, and those investments are helping the global economy - and especially the economies of developing countries.

The fourth-round China-Chile FTA Talks on Investment was held in Beijing, China, from September 23 to 25. China and Chile held consultations on major clauses of the draft investment agreement, and reached consensus in principle.

Just a few days after its trade minister expressed disappointment over the U.S. tire tariff over Chinese tire imports, Australia's defense department closed another door to China's overseas investment.

China has announced to launch a telecommunication satellite, named PakSat-1R, for Pakistan in year 2011. The satellite’s chief contractor China Great Wall Industry Corporation (CGWIC) has lately reported that a Long March 3B rocket will be used to put the satellite into orbit. It will launch from the Xichang Satellite Launch Centre in the south western Sichuan province.

China's top legislature started its bimonthly session Monday morning, with the focus on a draft amendment to the renewable energy law and the country's efforts in tackling climate change.

On August 15, the Eighth China-ASEAN Economic and Trade Ministers’ Meeting (CAEM) was held in Bangkok, Thailand. Chinese Minister of Commerce Chen Deming and the Economic Ministers of the 10 ASEAN member states together signed ASEAN-China Free Trade Area (FTA) Investment Agreement. The signing of the agreement sent out a clear signal that China and ASEAN would like to join efforts to cope with the financial crisis, continue to promote trade and investment liberalization and oppose trade and investment protectionism, so as to speed up the recovery and development of the economy in East Asia and the world.

Following is part IV of a joint fact sheet, released today after the first meeting of economic track under the First U.S.-China Strategic and Economic Dialogue held in Washington from July 27 to 28.

IV. International Economic/Financial Institutions

    The United States and China are committed to working together constructively and cooperatively, in this economic dialogue and the G20 as well as other multilateral institutions and fora. Both sides will continue to take steps to fully implement the consensus reached in the previous two G20 summits and will work together in the G20 to ensure that the Pittsburgh Leaders summit will deliver concrete, positive results. The United States supports China's continuation and strengthening of its exchange with the Paris Club and the Global Forum on Taxation.

Following is part III of a joint fact sheet, released today after the first meeting of economic track under the First U.S.-China Strategic and Economic Dialogue held in Washington from July 27 to 28.

III. Trade and Investment

    The United States and China are among the beneficiaries of and participants in the global trading system. Both countries are committed to work for a more open global trade and investment system and jointly fight protectionism.

Following is part II of a joint fact sheet, released today after the first meeting of economic track under the First U.S.-China Strategic and Economic Dialogue held in Washington from July 27 to 28.

II. Foundations for a Strong Financial System

    We acknowledge the critical role that strong, vibrant financial markets operating under transparent and market-based rules play in supporting balanced and sustained growth globally.