On May 24, 2007, U.S. President George W. Bush met at the White House with Chinese Vice-Premier Wu Yi.

Wu made a briefing about the just-concluded second meeting of China-U.S. Strategic Economic Dialogue (SED), which she described as a major decision made by President Hu Jintao and President Bush. She said the success of the two SED meetings since last December proved that against the backdrop of an accelerating globalization, China and the United States can increase understanding and mutual trust through frank dialogue, and bring a stable growth to bilateral economic relations and overall relationship as well. China is ready to enhance communication and coordination with the United States and summarize the experiences so that future meetings of the SED will be better, added Wu.

Bush expressed his congratulations on the progress of the dialogue. He said the United States and China share common interests in wide areas and have maintained good communication and cooperation on a number of key issues. Although the two countries do not agree on all issues, he said, it is important that there is necessary mechanism through which the two sides can discuss certain issues and achieve results. The U.S. president said the SED is a very good mechanism and that it is very important to the healthy development of U.S.-China relations. He said he paid much attention to the SED and hopes the next round of meetings will yield more results.

In addition, Bush said he understands the sensitivity of the Taiwan question, and that he holds a firm stand on the issue and means what he said. He said he is opposed to any unilateral change of the status quo across the Taiwan Straits.