China and the United States concluded their first strategic economic dialogue Friday noon, with "a number of consensus" being reached.

"We have reached a number of consensus, although we remained different on some issues," Chinese Vice Premier Wu Yi told the press after the two-day landmark dialogue.

U.S. Treasury Secretary Henry Paulson also hailed the dialogue,saying "It is important and encouraging that we have agreed on so many principles in the dialogue."

"We each will take measures to address global imbalances through greater national savings in the United States and to increase consumption and exchange rate flexibility in China," said Paulson, who is leading a high-profile U.S. trade mission to the dialogue.

In a fact sheet released at the end of the dialogue, China and the United States reaffirmed their commitment to pursuing macroeconomic policies.

"China will carry out the exchange rate regime reform and the United States will increase saving rates so as to promote balanced and strong growth and prosperity in two nations," the fact sheet said.

The second strategic economic dialogue will be held in Washington in May next year.

Editor: Yan