CHINA US Focus - Perspectives shaping the world's most important bilateral relationship

Chinese and U.S. leaders said Friday that they had made important progress on a range of economic issues at their annual bilateral meeting, with Prime Minister Wen Jiabao of China saying the areas of agreement had included “some important breakthroughs.”

 

The comments came as a senior U.S. official, speaking on condition of anonymity, said that the Chinese had agreed to remove what U.S. officials say are unfair subsidies and favorable regulations affecting state-owned corporations and to allow foreigners to take bigger stakes in Chinese securities firms.