Saturday 21 February 2009


U.S., CHINA TO BROADEN TALKS TO SPUR TRADE, SECURITY

Indira A.R. Lakshmanan and Eugene Tang

Bloomberg, February 21, 2009

U.S. Secretary of State Hillary Clinton and Chinese Foreign Minister Yang Jiechi agreed to broaden the Strategic Economic Dialogue and pledged to work together to combat the deepening worldwide depression.

“The foreign minister and I had a wide-ranging discussion that started from a simple premise: it is essential that the United States and China have a positive cooperative relationship,” Clinton said today at a press conference with Yang in Beijing.

China and the U.S. will continue the dialogue, begun during the Bush administration, while expanding it to include security and political issues. Clinton and Treasury Secretary Timothy Geithner will be involved in the talks, she said. Previously, Bush Treasury chief Henry Paulson led the U.S. side without State Department participation.
Yang, who said the two ministers discussed a “broad structure” for the talks, will visit the U.S. on March 9 to prepare for their resumption and to arrange President Barack Obama’s April meeting in London with Chinese President Hu Jintao.

Clinton thanked China for its continued purchases of U.S. Treasury notes, demand for which is needed to pay for Obama’s $787 billion stimulus plan. Yang said China, the world’s largest holder of Treasuries, will invest its almost $2 trillion in foreign-currency reserves based on the principles of ensuring liquidity and protecting value.

(...) [artículo aquí]

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