Vice Premier, State Council Qishan Wang of China

Wang was formerly the governor of the China Construction Bank.

United States - WASHINGTON, June 18 (Reuters) - Chinese Vice Premier Wang Qishan said on Wednesday that China and the United States will coordinate monetary and fiscal policies to deepen economic cooperation between the two countries.

Wang was born in July 1948 in Qingdao, Shandong, though he is considered a native of Tianzhen, Shanxi.

In 1969, Wang was sent to work at an agricultural commune in rural Shaanxi's Yan'an County.

In April 2003, following the SARS epidemic and the removal of Beijing Mayor Meng Xuenong, Wang was quickly appointed acting mayor of Beijing and deputy party secretary of the Beijing municipal party committee.

Wang was an alternate member of the 14th CCP Central Committee and a member of the 15th and 16th CCP central committees.

Wang was the head of one of China's biggest state-run banks.

Wang is likely to be a progressive voice within the leadership, unafraid to push for liberalization in sensitive areas, like accelerating market-oriented overhauls of China's exchange-rate mechanism and further opening financial services to foreign companies.

Wang had to untangle bad loans and prevent a crippling collapse of lenders' faith.

Wang was installed as Beijing's acting mayor in 2003 to help clean up the botched handling of SARS.

Wang was working on another deal, helping broker an agreement for Goldman Sachs to enter China's domestic-banking business through a joint venture with a domestic securities firm, said people close to the situation.

Wang is expected to help China steer a course between a global recession, domestic inflation and widening income gaps that threaten social stability.

Wang said that he had learned lessons from the SARS (Severe Acute Respiratory Syndrome) outbreak last year on how to handle emergencies.

Wang was made acting mayor of Beijing on April 22 last year, after Meng Xuenong was sacked in accordance with a decision made by the Standing Committee of the 12th Beijing Municipal People's Congress.

In 1969, Wang was sent to the countryside to work as a farmer in neighboring Shaanxi Province.

Wang was appointed director of the Economic Restructuring Office of the State Council in 2000, and secretary of the CPC Hainan Provincial Committee 2002-2003.

Wang was born in Tianzhe, Shanxi Province, in July 1948.

Wang was appointed BOCOG Executive President in June 2003.

Wang has served as director of several leading banks including the China Investment Bank and the China Construction Bank.

Wang was made acting mayor of Beijing and deputy secretary of the CPC Beijing Municipal Committee in April 2003.

In a closing statement after the fifth round of the cabinet-level Sino-American "Strategic Economic Dialogue," Wang said the two governments had agreed to extend the twice-a-year talks.

Repeating a message he delivered at the start of the talks, Wang said the current priority is to restore market confidence to avoid the spread of the financial crisis and avert recession, Wang said.

Although many ministers and three out of the four vice-premiers have been changed, Mr Wang is expected to maintain a stable set of regulators under him in the finance sector.

Mr Wang was instrumental in the formation of China’s first fully fledged investment bank, a joint venture with Morgan Stanley, when he headed China Construction Bank, in the mid-1990s.

With banks and insurance companies now entering each other’s business areas, Mr Wang is believed to be interested in studying plans for a “super financial regulator”, along the line of the system in the UK.

Mr Wang is also a candidate to head the top-level dialogues with the US, and later this year, the EU.

Wang said with the upcoming G20 summit, the international community should increase cooperation and jointly respond to the current financial turmoil.

Speaking off the cuff, Wang had the audience rolling as he delicately broached the subject of the negative publicity surrounding the Olympics, which reached a cresendo earlier this year when riots in Tibet sparked protests along the Olympic torch relay in cities such as London and Paris.

Wang said the Chinese government and people would unite and stride forward together to overcome the grave natural disaster.

On behalf of the Chinese government, Wang expressed condolence and grief over the hurricane disaster hitting the US recently and the victims of the train crash in California.

Wang said China highly appreciated Bush's long-time and important contributions to the development of constructive and cooperative relationship between the two nations.

Wang said China is willing to make joint efforts with the United States to facilitate the consensus reached by President Bush and President Hu, and to advance the SED process to a more fruitful future.

Wang is vice premier of the State Council of the People's Republic of China.