Former Chinese Ambassador Zhou Wenzhong has said, this time Hu IOC is setting the tone for the Sino-US relations. Washington economic think tank Peterson Institute for International Economics, a China expert Nicholas Lardy said in an interview, also said the talks are not intended to address some specific issues, but want to create a positive Sino-US relations tone.
As for intellectual property issues, which will not be meeting Hu in the main part of Austria. Lardy believes the talks are not aimed at solving specific problems, but hope for the Sino-US relations and create a positive tone. If the talks between Hu Jintao and Barack Obama can achieve this goal, this Sino-US negotiations on specific issues, the future has a positive effect, and will deepen the relationship between the two countries.
economic issues is the most important
United States has been that the value of the Chinese yuan artificially low, in order to increase exports of goods advantage. U.S. Treasury Secretary Timothy Geithner's speech also mentioned earlier on the RMB exchange rate issues, intellectual property protection, trade barriers such as constant bickering Can be said that the current in the United States, through these issues, especially the voice of the RMB exchange rate speculation come and go, Geithner I also think that the Chinese yuan is significantly undervalued currency, China should accelerate the pace of RMB appreciation in order to
the White House tried to put pressure on the yuan and other areas do not undermine the balance between the relationship. However, President Hu Jintao's meeting with Obama may not reach more agreement on these issues. One important reason is that China is worried about the excessive appreciation of the renminbi would endanger China's exports and create domestic unrest.
, of course, some of the practices the U.S. has accused of Former U.S. National Security Advisor Zbigniew Brzezinski before the author said that in recent months, the United States more and more bickering between the two countries, both sides accused each other in violation of accepted international norms of economic policy , said the other selfish.
Washington economic think tank the Peterson Institute for International Economics, a China expert Nicholas Lardy said that in military issues, North Korea, etc., The relationship between China and the United States seems to have become more complex. However, slow economic growth in the United States, the unemployment rate up to 9% of the cases, economic issues will undoubtedly become an important Olympic Hu topic.
exchange rate is just one of many aspects of Sino-US relations. Obama also needs China cooperation on climate change, and North Korea, Iran's nuclear program and other issues.
keynote
American companies that China down the yuan against the U.S. dollar, which makes Chinese products more price advantage over American products, Although China since last June announced the implementation of more flexible exchange rate, the RMB has appreciated against the U.S. dollar, but the administration is keen appreciation of the magnitude and speed can be increased.
Although inflation will allow the export costs of Chinese products, and makes up the competitive advantage of U.S. products, but American politicians may not feel satisfied. pocketbook issues. Radi said that some Americans believe that buying so many goods made in China, equivalent to the dollar to the Chinese people's pockets, then the Chinese use these dollars to buy U.S. government bonds. Although this makes the U.S. government to continue borrowing, but the taxpayer must pay interest for these loans. A large number of Chinese imports of these products also means that the production jobs were moved to China.
Radi said he believed that President Hu Jintao will meet with Obama to make progress on some issues, but there will be a significant breakthrough, the United States do not need to spend so many years between the two countries negotiated.
Evening News reporter Zhu Jing Yuan
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