From the New York Times (link):
Gamely donning a Boeing baseball cap and mingling enthusiastically with local business executives, President Hu Jintao of China said Wednesday that his nation and the United States “enjoy extensive common interests” and could avoid major problems in their relationship if they “avoid politicizing” the issues that divide them.
He cited research conducted by the American Chamber of Commerce in Beijing and Morgan Stanley, the investment bank, that he said underscored how trade with China was overwhelmingly beneficial to the United States.
“According to Morgan Stanley, in 2004 alone, high-quality yet inexpensive Chinese goods saved U.S. consumers $100 billion, and trading with China created over four million jobs in the United States,” he said. “The fast-growing bilateral business ties have delivered great benefits to our peoples.”
See also NYT’s editorial “How Dare They Use Our Oil!“:
The United States doesn’t have the right to tell a third of humanity to go back to their bicycles because the party’s over. Clearly, Mr. Bush and Mr. Hu must tackle energy in a real and meaningful way. That can be done only if the United States both helps China find alternative energy sources and shows that America is doing the same thing itself.
