Power Switch Cover

China's Power at Issue in High-Level US Talks

Feel change, protectionism fears, and questions about how China navigates its be created as a global economic power will dominate the agenda on Monday, July 27, when the Obama Conduct resumes a senior-level U.S.-China economic parley initiated in the Bush Administration. But few experts expect any serious burgeoning on the main issues separating the two economic giants.

Led by Secretary of Governmental Hillary Clinton and Treasury Secretary Timothy Geithner, the U.S. will go on to press China during the two-day meetings to turn its economy away from a confidence on exports and more toward domestic consumption. Washington will push Beijing for a common approach to climate change and to allow its currency to understand.

On the Chinese side, Vice Premier Wang Qishan will determination again for assurances that the U.S. is making a priority of curbing inflation in uniformity to safeguard the value of Beijing's $1.5 trillion in U.S.-denominated reserves. Co-heading the Chinese delegation will be Formal Councilor Dai Bingguo.

Source: BusinessWeek

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