--April 12

Here below is a list of recent top-level Sino-U.S. communications:,f50 adizero
The remark was made after a U.S. Senate Democratic leadership group led by Reid was back from April’s visit in China.


“Chinese officials confirmed that China would continue the managed appreciation of its currency and were urged by the delegation to be more aggressive,” the report said, quoting a statement made by the group.

This has been a significant step, the statement said, since China’s currency policy has already led to "an imbalance of exchange rates that keeps the costs of Chinese products artificially low while the cost of U.S. exports to China unfairly high."
Analysts expect issues including China’s exchange rate and U.S. debt will be key of the dialogue. The United State will press further for yuan to strengthen its value; while China, the largest holder of U.S. Treasuries, has been more and more concerned over ballooning U.S. fiscal deficits.

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U.S. Treasury delayed a planned public exchange rate report early this month,louboutin, thus it has yet to decide whether or not to label China as a currency manipulator.
U.S. Senate Majority Leader Harry Reid was quoted among other officials by Reuters as saying today that China has made clear that it would allow its currency to continue rising against the U.S. dollar.


--March 31,adidas foot, U.S. Treasury Secretary Timothy Geithner visited China;
--April 11, the defense ministries of China and the United States held their seventh working level meeting in Beijing;
--April 12,louboutin pas cher, Chinese State Councilor Liu Yandong and U.S. Secretary of State Hillary Clinton attended the second round of high-level consultation meeting on people-to-people and cultural exchanges between the two countries in Washington;
--April 16-25,adidas foot magasin, a U.S. Senate leadership group visited five Chinese cities;
--April 21, a delegation of transportation and infrastructure committee with U.S. House of Representatives kick started a three-day visit in Beijing.
Following an intensified bilateral communications recently that kick started from U.S. Treasurey Secretary Geithner in late March,christian louboutin pas cher, the U.S. Treasury announced Monday that China and the United States will hold their annual summit on strategic and economic dialogue on May 9 and 10 in Washington.
The summit will be co-presided by Mr. Geithner and Secretary of State Hillary Clinton for the U.S., whilst China will be represented by Vice-Premier Wang Qishan and State Councilor Dai Bingguo, the announcement said.
The 10-person Senate Delegation – six Democrats and three Republicans—visited five Chinese cities including Hong Kong,f50, Macau, Beijing,abercrombie, Chengdu and Xi’an during the April 16-25 period.
U.S. Senators Schumer said Monday the exchange rate was cited by China central bank governor Zhou Xiaochuan in a private meeting as the second choice to fight inflation, suggesting that China would not allow its currency to appreciate at a faster pace.




U.S. lawmakers were quoted as saying that they had been assured from China to let its currency continue rising against the dollar.


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Reprinted from 958845693 at 14:19 on December 15, 2010 Reading (loading. ..) Comments (0) Category: Personal Diary
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