On May 4, 2012, Chinese Vice Premier Li Keqiang met at the Great Hall of the People with U.S. Treasury Secretary Timothy Geithner, who is here to attend the fourth round of China-U.S. Strategic and Economic Dialogues (S&ED) as special representative of U.S. President Barack Obama. The two sides exchanged in-depth views on the world economic situation, Sino-U.S. relations and other major issues of common concern.

Li said that the current international economic situation is still complex and volatile with many uncertain factors. "Under the backdrop of globalization, problems from one economy could affect the overall recovery of the world economy", Li told Geithner. China and the United States should earnestly implement the important consensus reached by President Hu Jintao and President Obama, look at bilateral relations from a strategic height and long-term perspective, respect each other's core interests and major concerns, enhance mutual trust and cooperation, and push China-U.S. cooperative partnership based on mutual respect and mutual benefit for healthy and stable development.

Li said China would remain firm on its economic policy to further stimulate its domestic consumption and step up the process of economic structural readjustment, reform and innovation in a bid to maintain a long-term, stable and sustainable growth for its economy. China and the United States should further strengthen macroeconomic policy coordination to promote the two countries' economic growth. Li also proposed a boosting of bilateral pragmatic cooperation with the United States in various fields by taking advantage of the complementary nature of the two economies in an effort to promoting world economic stability, recovery and growth.

Agreeing with Li's views on the world economy and bilateral relations, Geithner spoke positively of China's development and its economic reform and introduced the U.S. economic situation. He said that the United States would intensify its dialogues and exchanges with China in an aim to boost the bilateral ties.

Minister of Finance Xie Xuren, Governor Zhou Xiaochuan of the People's Bank of China and other officials attended the meeting.