２１．双方同意，本着相互尊重和合作的精神加强在亚太地区的沟通和协调，并通过多边机构等渠道和其他亚太国家一道促进和平、稳定与繁荣。

　　建设全面互利的经济伙伴关系

　　２２．胡锦涛主席和奥巴马总统认识到共同努力建设相互尊重、互利共赢的经济合作伙伴关系对两国和世界经济极其重要。两国领导人同意推进全面经济合作，并将依托现有对话机制，基于以下要素，到将于今年五月举行的第三轮中美战略与经济对话时进一步确立全面经济合作框架。

21. The two sides agreed to enhance communication and coordination in the Asia-Pacific region in a spirit of mutual respect and cooperation, and to work together with other Asia-Pacific countries, including through multilateral institutions, to promote peace, stability, and prosperity.

Building a Comprehensive and Mutually Beneficial Economic Partnership

22. President Hu and President Obama recognized the vital importance of working together to build a cooperative economic partnership of mutual respect and mutual benefit to both countries and to the global economy. The two leaders agreed to promote comprehensive economic cooperation, and will further develop a framework of comprehensive economic cooperation, relying on existing mechanisms, by the third round of the S&ED in May, based on the main elements outlined below:

　　２３．为推进中美两国和世界经济强劲、可持续、平衡增长，双方同意加强宏观经济政策沟通与合作：

　　（１）美国将重点减少中期联邦赤字，确保长期财政可持续性，并对汇率过度波动保持警惕。美联储近年来已采取重要步骤增强其传递未来展望和长期目标的清晰度。

　　（２）中国将继续加大力度扩大内需，促进服务部门的私人投资，更大程度地发挥市场在资源配置中的基础性作用。中国将继续坚持推进人民币汇率形成机制改革，增强人民币汇率弹性，转变经济发展方式。

　　（３）双方同意继续实施前瞻性货币政策并关注其对国际经济的影响。

23. The two sides agreed to strengthen macroeconomic communication and cooperation, in support of strong, sustainable and balanced growth in the United States, China and the global economy.

-- The United States will focus on reducing its medium-term federal deficit and ensuring long-term fiscal sustainability, and will maintain vigilance against excess volatility in exchange rates. The Federal Reserve has taken important steps in recent years to increase the clarity of its communications regarding its outlook and longer-run objectives.

-- China will intensify efforts to expand domestic demand, to promote private investment in the service sector, and to give greater play to the fundamental role of the market in resource allocation. China will continue to promote RMB exchange rate reform, enhance RMB exchange rate flexibility, and promote the transformation of its economic development model.

-- Both sides agree to continue to pursue forward-looking monetary policies with due regards to the ramifications of those policies for the international economy.

　　两国支持欧洲领导人为增强市场稳定性和促进可持续长期增长所做出的努力。

　　２４．双方认识到开放的贸易和投资对促进经济增长、创造就业、创新和繁荣的重要意义，重申将采取进一步措施推进全球贸易和投资自由化，反对贸易和投资保护主义。双方也同意愿本着建设性、合作性和互利性的态度，积极解决双边贸易和投资争端。

The two sides affirmed support for efforts by European leaders to reinforce market stability and promote sustainable, long-term growth.

24. The two countries, recognizing the importance of open trade and investment in fostering economic growth, job creation, innovation, and prosperity, affirmed their commitment to take further steps to liberalize global trade and investment, and to oppose trade and investment protectionism. The two sides also agreed to work proactively to resolve bilateral trade and investment disputes in a constructive, cooperative, and mutually beneficial manner.