U.S. Stresses Concessions From China (economic issues)
Source: New York Times
American officials said early Friday that their annual summit meeting on strategic and economic issues with China had resulted in tangible economic concessions, despite the unprecedented diplomatic furor over a Chinese human-rights advocate seeking aid from American officials.
The case of the Chinese dissident, Chen Guangcheng, has overshadowed the annual strategic and economic dialogue between Treasury Secretary Timothy F. Geithner, Secretary of State Hillary Rodham Clinton and their high-ranking Chinese counterparts. However, a senior administration official said in a telephone briefing from Beijing that China has gone further than ever in allowing competition with its powerful state-owned enterprises and creating consumption-led growth in its export-focused economy.
The comments from Obama administration officials were aimed at showcasing the progress of the economic talks in the eyes of United States officials as separate diplomatic negotiations continued to resolve the matter of Mr. Chen. Further comments from Chinese economic negotiators are expected later on Friday in Beijing.
“Our countries have become thoroughly, inescapably interdependent,” said Ms. Clinton as talks opened, heralding the two countries’ continuing economic cooperation. “The United States believes that a thriving China is good for America, and a thriving America is good for China.”
Read more: http://www.nytimes.com/2012/05/04/business/global/in-talks-us-highlights-economic-concessions-by-chinese.html
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