Mood today in U.S-China relations? WOULD LIKE TO BE GOOD.
If you read Xinhua.net's Window on China today (which says their source is chinaview.com.cn), you'll see the US is trying to improve U.S.-China relations... somewhat.
New treasury secretary designate "Timothy Geithner vowed in a document released on Thursday to deepen U.S.-China economic relationship which he termed as "one of our most important relationships." says Xinhua.
"Geithner said the Obama administration looks forward to a productive economic dialogue with the Chinese government on a number of short-and long-term issues."
But the good intentions don't last long : he attacks on the currency issue:
"President Obama -- backed by the conclusions of a broad range of economists -- believes that China is manipulating its currency," he said in the document, adding Obama has pledged as president "to use aggressively all the diplomatic avenues open to him to seek change in China's currency practices."
And tries to make things better by saying this : "The (Chinese currency) Yuan is certainly an important piece of that discussion, but given the crisis the immediate focus needs to be on the broader issue of stabilizing domestic demand in China and the U.S."
Will that be enough to keep U.S-China relations good despite the ongoing attacks on the renminbi?
If you read Xinhua.net's Window on China today (which says their source is chinaview.com.cn), you'll see the US is trying to improve U.S.-China relations... somewhat.
New treasury secretary designate "Timothy Geithner vowed in a document released on Thursday to deepen U.S.-China economic relationship which he termed as "one of our most important relationships." says Xinhua.
"Geithner said the Obama administration looks forward to a productive economic dialogue with the Chinese government on a number of short-and long-term issues."
But the good intentions don't last long : he attacks on the currency issue:
"President Obama -- backed by the conclusions of a broad range of economists -- believes that China is manipulating its currency," he said in the document, adding Obama has pledged as president "to use aggressively all the diplomatic avenues open to him to seek change in China's currency practices."
And tries to make things better by saying this : "The (Chinese currency) Yuan is certainly an important piece of that discussion, but given the crisis the immediate focus needs to be on the broader issue of stabilizing domestic demand in China and the U.S."
Will that be enough to keep U.S-China relations good despite the ongoing attacks on the renminbi?
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