BEIJING, Nov. 30 (Xinhua) -- China and the United States will hold their first strategic economic dialogue on Dec. 14 and 15 in Beijing, Foreign Ministry spokeswoman Jiang Yu announced on Thursday.

Vice Premier Wu Yi and US Secretary of Treasury Henry Paulson, both special representatives of the two heads of states, will co-chair the dialogue, Jiang said.

The ministers and senior officials concerned from the two countries will also attend the dialogue, she added.

Jiang said Chinese President Hu Jintao and Premier Wen Jiabao are expected to meet with the U.S. delegation.

The dialogue mechanism was established according to a consensus between the two presidents.

"The dialogue will further promote economic and trade cooperation between China and the U.S., and will be conducive to the development and stability of the global economy," she said.

The dialogue was announced in September during a trip to Beijing by Paulson.