U.S. and China Renew Cooperation on Affordable Housing
Jackson's recent trip to China produces Memorandum of Cooperation recommitting both countries to promoting and exploring solutions for housing development
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Alphonso Jackson and the People's Republic of China Construction Minister Wang Guangtao today signed a Memorandum of Cooperation (MOC) that renews the two nations commitment to work together to improve and expand affordable housing opportunities.
"Through cooperative actions and a sharing of experiences we will better address housing and urban problems we each face and the strategies needed to address them," said Jackson who took part in the May 2007 session of the U.S.-China Strategic Economic Dialogue in Washington. "China and the United States have discovered that our joint cooperative endeavors can be mutually rewarding."
Last year, President Bush and Chinese President Hu Jintao agreed to create a Strategic Economic Dialogue to provide an overarching framework for discussing ongoing and diverse economic challenges.
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