China, US 15th session of Joint Economic Committee

US - China and the United States said Monday that strong economic performance and reduced vulnerabilities in both the US and China are vital for sustaining the global recovery that is underway.

In a joint statement issued at the end of the 15th session of the China-US Joint Economic Committee (JEC), both sides noted that prospects for the global economy have improved since the last JEC session in 2001.

Chinese Finance Minister Xiang Huaicheng and US Secretary of Finance Paul H. O'Neill attended